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> If the satellite is overhead, the error would put you 300m into the ground so to speak.

Right, I was basically calculating where that signal would just be reaching the surface at the same time it was 300m under you. This is a circle around you with a radius of ~110km (again using the approximation of the ground as a flat plane). Thinking about it more, there's not much reason to do this (GPS isn't really tied to the surface of the Earth, it gives you 3-D coordinates). I guess my point was that the 300m of distance from 1us of light propagation should not be thought of as a horizontal distance.



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