The new power calculation is interesting. It has dropped the displayed wattage massively. Is it right though?
I was turning up the power to get the same feeling that the KT gave so it is possible it is right. It is under what I would have expected though. Looks like I'll have do do some more research into phase currents and battery currents.
You don't need to worry about phase currents. They're pretty meaningless and not easy to define, since they're not continuous and go in both directions, so net DC phase current is zero. The battery current is easy to measure. It's equal to the sum of the phase currents. There's also a more or less direct relationship between battery current and torque. You feel torque as power. It's more relevant than actual power.
The way to understand is that the battery is connected directly in both directions to each coil in the motor. of which there are three. It's blocked by MOSFETss, which are simple gates that open and close at high and variable frequency, and timed according to the motor position.
The current flows according to Ohm's law at zero speed. As soon as the motor starts to turn, it makes a back emf in proportion to its speed. The back emf cancels out some of the battery voltage, increasingly so until the back emf is equal to the battery voltage and the motor no longer gets any power.
At low speed, the battery voltage can push too much current through the coils so the controller has to limit the power in each pulse, which it does by PWM to reduce the current either to the max that it globally allows (written on the label) or whatever level your settings set it to.
At higher speed, the back emf becomes the controlling factor for current. As the motor speeds up, the net voltage goes down until it gets to the point where there isn't sufficient voltage to push the current that the controller would allow.
The battery voltage is enough to push huge current through the coils. Without the controller limiting the current, the coils would burn, except also the battery's BMS would limit the current to whatever it allows.