Fish Fanatic
When referring to tank sizes (such as minimum size for a fish or for stocking guidelines) one always refers to air and glass space. Otherwise it would get very tricky. especially when working out total volume of sumped systems where the sump is at different heights in different chambers.
Otherwise one could go to the nth degree and include the displacement of the glass, the air above, the substrate, any plants, any existing fish, the filter...
I agree entirely with you on this for a general overview re stocking levels, but an allowance should be made all the same (doesn't need to be scientific - just use internal measurements and knock off 5%-10% or so) but it could make a difference when using meds as ODing becomes a real possibility. I don't know what the effects of a 25% OD would be as AFIAK I've never OD'ed. Possibily loss of fish, or maybe the dosing levels err on the side of caution for this very reason