Still don’t believe me? The best way to test this is to alter the constant in the above equation - alter the SHBG. Use Danazol or Stanazolol to drop the SHBG. And the function output (free test) will increase, by measurement or by formula. Then throw in some clomid, watch SHBG rise, along with a reduction in FT.
I just want to clarify that the above only applies when running the body in “manual mode” i.e. Exogenous test.
In a natural personal with a functional HPTA, if you try to fiddle with SHBG the body will compensate to keep FT at its set point.