Updated with three years of data! The above graph illustrates the joint times of all male sub 1:45 runners at the New Bedford half-marathon that also raced the Mount Washington Road Race the same year for the years 2008-2010. The black line is a simple linear regression. The red line is a simple linear regression but the New Bedford times are log transformed with the natural log. The blue line is the line of equivalent times at both races.1. There is a big difference between how sub 1:20 and over 1:20 half-marathoners perform at Mount Washington. Sub 1:20 half-marathoners don't seem to blow up. Over 1:20 half-marathoners do. Sub 1:20 half-marathoners often run faster at Mount Washington. Over 1:20 half-marathoners less commonly.
3. The Mount Washington race predictor spreadsheet (downloadable from the race web site) predicts an expected time range, which is essentially a 5 minute window from 5 minutes less than your 1/2 marathon time up to your 1/2 marathon time. So the blue line in the graph is at the high end of the website's predictor. The New Bedford data show that this is really only a good predictor for the elite (sub 1:10 runners). For 1:10 - 1:20 half-marathoners, your half-marathon time is a pretty good predictor of your Mount Washington time.
4. If your half-marathon time is over 1:20, Mount Washington prediction is difficult. If you run a good race you should be close to your half-marathon time. But you are also more likely to blow-up (see final comment below).
5. The website predictor is optimistic if you are not an elite runner. And the slower you are, the more optimistic it is. Compare:

6. Does the official race predictor make sub-elite and especially over 1:20 runners go out too fast, sending them into a slow death spiral from which they won't recover?4. If your half-marathon time is over 1:20, Mount Washington prediction is difficult. If you run a good race you should be close to your half-marathon time. But you are also more likely to blow-up (see final comment below).
5. The website predictor is optimistic if you are not an elite runner. And the slower you are, the more optimistic it is. Compare:

Caveats - I don't have good data for sub 1:10 half-marathoners because not enough run both New Bedford and Mount Washington. Even worse, the sharp deviation of the curved line at the elite end may be heavily influenced by a single elite mountain runner, Eric Blake, whose Mount Washington Times are 7-11 minutes faster than his New Bedford times.