Here is a reference quote: Equations are based on Equitorial. It is not as simple as you think. The AC calculates these values, so another variable. This is all in relation to how far you are from the equator..............

*" A value in decimal degrees to a precision of 4 decimal places is precise to 11.132 meters at the equator. A value in decimal degrees to 5 decimal places is precise to 1.1132 meter at the equator. Elevation also introduces a small error. At 6,378 m elevation, the radius and surface distance is increased by 0.001 or 0.1%. Because the earth is not flat, the precision of the longitude part of the coordinates increases the further from the equator you get. The precision of the latitude part does not increase so much, more strictly however, a meridian arc length per 1 second depends on latitude at point concerned. The discrepancy of 1 second meridian arc length between equator and pole is about 0.3 meters because the earth is an oblate spheroid."*