Yeah, both the crafting time and results were just an initial guess.
I was afraid double the crafting time could be annoying in terms of throughput, so I went for the time of one of the normal recipes. Playing a little with the mod, and taking a look at other factories of mine, I notice copper is used much more than iron, so an equal ratio already is decent in terms of making you balance things.
As I said though, these were guesses, and I'm open to changing it in the near future with more playtesting and/or feedback.