You're not correcting off of bullet holes, you're correcting off of bullet swirl and impact splashes. Those are all that you have in field shooting. It's a poor practice to think about things based on a linear distances, and to reference them to the size of your target. This is strongly discouraged with an FFP scope as it's a square range technique that falls apart in unknown distance field shooting when a stressor is added (like time). Converting from inches or cm is an unnecessary extra step that takes time and is prone to error. And there is no grid on targets in real life or in PRS style matches.
Mils and MOA are angles. There is no reason to ever relate them to linear distances when adjusting scope clicks on an FFP scope. When you're shooting unknown distance field oriented matches, the distances are rarely ever evenly divisible by 100. Target size is often not known or it is not known with certainty. If the target isn't the size you think it is, your estimated size of the miss is going to be wrong. If you ranged the target with your reticle, your range will also be wrong because the target size you used to calculate it was wrong. Your range can also be wrong with a laser rangefinder if you picked up something in front or in back of your target instead of your target. So, if you're calculating a correction based on a target size reference, you're calculating that correction using an incorrect estimate of the miss and/or an incorrect distance. And you stand a good chance of messing up the conversion math, especially under stress. The reticle will accurately tell you what the miss is even if you got the ranging wrong. It doesn't care about the target's size or its shape or what distance it's at. Doesn't matter what the distance is. Using the reticle is MORE accurate than basing things off of target size and it doesn't lie. What you see, is what you get. The reticle is angular in nature, it adjusts itself for distance on it's own. And it's in the same units are your turrets (which are also in angles not inches or cm). 1 mil on the reticle is the same as 1 mil on the turret AT ANY DISTANCE. No conversion from inches or cm is necessary.
What you measure with your reticle, can be put directly into the turret without needing to know the distance. And whatever you dial on the turret can be held over, held under and held off on the reticle. You can do combinations of the two.
Lets say you had 5 targets and they required the following elevations: 0.4mil, 3.2mil, 3.7mil, 4.3 mil, and 6.1 mil. If you were given 60 seconds to shoot all of these targets twice, and had to change position for each target, a good approach might be:
Hold 0.4mil high with the reticle, with the turret set to 0.0mil for the first target,
Set the turret to 4.0mils and hold 0.8mil under for the second target, 0.3mil under for the 3rd target and 0.3mil over for the fourth target.
Set the turret to 6.1mils and hold center if the target looks very small or hold 2.1mils over without making another turret adjustment if it seems more generous (they're often different shapes, sometimes shaped like an animal) or if you're running out of time.
Your wind hold off value will also tell you wind speed once you get on target. Once you know what your wind hold was for one target, you can reference what the wind speed is for that distance using your dope chart, and then select the right wind hold off for the next target at the next distance. It becomes a very fluid thought process when using the reticle for wind hold-offs because you're thinking about the absolute value of the wind adjustment and not an incremental correction. Your wind hold-off for that distance is the last thing you see before taking your eye away from the scope. How many inches it was out at the target doesn't matter, you've already got it in mils and that is what's in your dope chart.