Don't do 60 degree banked turns close to the ground! I don't want to tell someone that's he's wrong, but I think that some people may think that the conclusions are right just because there are some numbers behind them, and start practicing rope breaks with 60 deg banks.
I went through the spread sheet and I found everything correct except for the calculation of the "enhanced sink rate". The sink rate is not just the unbanked rate multiplied by the load factor!
Some manufactures include a circling polar. Using the circling polar of an asw-24 with a total weight of 750 lbs, the speed and sink a

at 30 deg: 45 kt, 150 ft/min
at 45 deg: 50 kt, 205 ft/min
at 60 deg: 59 kt, 345 ft/min

Now, the time and height lost to complete a full turn (divide by two for a 180 deg turn):

at 30 deg: 26 secs, 64 ft
at 45 deg: 16 secs, 56 ft
at 60 deg: 11 secs, 65 ft

The differences are not much, anyway, but it is easier to bank and unbank at 45 deg.

I gotta go and can't expand, but I'll try to get the numbers based on the real formulas at a later time. In the mean time, you can check Fred Thomas book, Fundamentals of Sailplane Design, pgs 64 and 65. The minimum sink rate in a turn will be higher than the minimum sink rate in level flight by a factor of 1/(cosangle)^1.5