Hello Ray,
I'm replying through the first few lines of your discussion. Usually this happens because of the over-riding by Annual estimate based calculations on the cycle period given by you. See these useful links (and other on Annual Estimate) to understand the behaviour of Annual Estimate figure given in the Counter.(IK03).
Behavior of Performance Based Plan in SAP Plant Maintenance
Performance based Maint Plan and annual estimat... | SCN
Good luck
KJogeswaraRao