Guyz:
You're mostly on the right track but haven't made it clear or mentioned 'why' too much air is not efficient or will not produce the hottest fire.
Here's the scoop:
An "efficient" fire burns hot (so the smoke containing considerable BTU's is burned, less creosote, etc - you know this, or should). When the fire just starts, more air (by cracking the door a little for just a few minutes) is good to help the fire spread to the fuel which needs to get up to its ignition temperature before pyrolysis can occur.
The ideal amount of air ("theoretical combustion air") required to burn wood fuel can be calculated from the chemical composition of the wood (essentially C, H, O2, H20 and ash) in an exothermic chemical equation to yield H20, CO2 and, naturally, energy (heat). I won't bore you with the math but the result approximates 4 - 5 cubic meters of air per Kg of wood.
If you add excess air through the firebox, air that does not take part in the chemical equation, by leaving the stove door open too long or too wide, the extra air "lowers stack temperature" and adds to heat loss.
How do you know how much air you are moving through your stove? You don't. It's engineered in the design of your stove with the caveat that a metal stove cannot be fired anywhere near the "efficient" temperature that wood burns without over firing the stove.
So, as in life, you are face with compromise. In short, follow the Mfg directions for burning your stove, don't think about the process too much and enjoy.
Aye,
Marty
Grandma used to say, "Beware of too much of a good thing."
Ref:
www.mha-net.org