Starting from a new split chain:
Thread chain onto largest chain ring and largest cassette sprocket. Either thread through front derailleur or move it out of the way. Do not thread chain through rear derailleur.
On the chainring, find the links that will join to form the shortest possible chain that can be connected. Add 1 inch of chain to that (two rivets or 1 inner and 1 outer plate link).
If using a quick-link, remember that takes the place of one outer plate link.
Reading between the lines, what you are actually asking is 'what's the correct length of chain for a modern derailleur' bike?'
Given that modern derailleurs can accommodate the chain running from the chainring to sprockets in almost a straight line, the shortest possible chain that fits over the largest chainring and sprocket, that can run through the derailleur is desired. This is because:
- Eliminates rick of breaking chain or derailleur if largest ring and sprocket are selected.
- Maximizes chain tension and the slack that the derailleur can take up, enabling the largest spread of gear ratios.
If one had a system where the derailleurs could be prevented from selecting the largest chainring and n largest cassette sprockets at the same time - which could be programmed into Di2 or eTap systems - then the chain could be sized for the large chainring and n-1th sprocket.