Oh man, that's exactly right. Don't I feel stupid. Yes, it would exceed the 500/hour.
Thanks. I need to get some sleep I guess.
But one issue still sticks out in my mind. It ran through all of them in just about the 12 minutes you would expect them to at a rate of 1 per second. But why didn't it stop at 200... wait until the 10th minute was up... then start the second batch of 200... and so on?
Since there was never a pause it still feels like it ignored my settings even though my settings were wrong.