it would only be a 16% dmg increase in the moment which you calculated, where you have 0 spellpower.
the base damage generally doesnt get multiplied by spellpower, but added to (spellpower * modifier)
I've been critting 12.4k with it and around 11.8k without it.
Base dmg should go before any multipliers right? and should be roughly 16% dmg increase (more on how I calculated that below)
And going with that logic it should be critting around 13.7k.
The way I calculated it is:
Without totem - Lava Burst base damage = 1323 - 1685 = 1504 average base dmg
With totem - Lava Burst base dmg = 1561 - 1924 = 1742 average base dmg
And 1742 / 1504 = 1.1582446 = ~16% dmg
It's worth investigating at least, unless I'm missing something.
Yes you are missing something.
LvB DMG = SP Coeff * SP + Base Damage.
I currently have no access to my data base with SP Coeff but if I recall for LvB it was something close to 0.57 before talents, glyph or any other buff.
The totem increases just the base damage and since the SP scaling is additive to the base damage of the spell, this makes your math wrong.