A necro with Lich on will regenerate 20 mana/tick standing, so that 4/tick is a 20% increase. The same necro will regenerate 40 mana/tick sitting, so that 5.5 mana/tick is a 14% increase. Obviously that doesn't mean non-iksar necros are trash, but I imagine that if FT4 items started dropping off of Trakanon they would be going for 1 million pp or more. The good news is that if you ever get the lifetap stick from VP you won't care!
edit: also one problem with your math is that Bond of Death is a net of 60 (assuming lich is on). That means you have to be 500HP under your max before you cast to get the full benefits. If you have a cleric then w/e, but if you are solo that may mean running around with under 1000HP . . . which can be a little risky.
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