I don't have a strong opinion on this at all hahaha!
I have a major problem with any simple mathmatical correlation between height and weight which is supposed to tell me how "fit" I am. Total Crap.
It's all about body fat percentages. Get yourself a set of fat calipers and if you are really interested in figuring it all out you could add a scale. Use the fat calipers to figure out your percentages, then use the scale to figure out "total lean muscle mass in pounds". Then when you workout over time, you can see how many pounds of fat are lost and or "replaced" with pounds of muscle (obviously fat and muscle are different and do not become one another).
I think it is far more accurate and a way better read to work using your actual body fat percentage. Otherwise the BMI can call a bodybuilder with 4% body fat "mobidly obese" and a "skinny guy" with 24% bodyfat totally healthy. Neither is accurate or helpful.
Also, in my opinion a scale alone does not tell the story. Unless you work out the lean body mass, you don't really know what's going on. I'd much rather gain 5 pounds of muscle than stay lose 5 pounds but increase in fat %.
For the record, when I was really training hard and playing around with seeing how low I could go. I dropped down to 3.5% body fat with a weight of 168lbs at 5'9". I actually found that with a body fat percentage that low I experienced extreme mood swings and a hair trigger temper. Whoa, this isn't fun. My body was screaming for food. I have found that anything less than about 5-6% for me is extremely unpleasant. Now I understand why bodybuilders cycle, it is definitely not healthy to stay in that state. If you want to really knock yourself out doing this...try to go on carb depletion for a few days while at really low body fat and potassium loading...fun with body chemistry...(please read extreme sarcasm into this...it is absolute torture).
Brian