What is your goal of the RAF? To level a toon on your veterans account to ~60?

Account 1 = Level 80 guy
Account 2 = RAF account
Account 3 = RAF account 2

If you want to bring a level 80 and boost yourway through instances WITH the RAF bonus you need to link Account 2 -> Account 3 (or the other way around). If you link Account 1 -> Account 2 and try to boost you won't get the RAF xp bonus. But I think you are correct in saying that for every 2 levels account 2 gets you can grant 1 level to account 1 (as longs as the level is lower than the granting toons level). Make sense.

I haven't really dealt with RAF in over a year this is just what I am remembering.