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OK, so aside from needing to use LowerUsageRate and UpperUsageRate instead of LowerRate and UpperRate, it seems that the BigLadder Entry for EnergyPlus 9.2.0 is misleading in its definition of EXCEEDS. What I thought should be "Demand EXCEEDS totalDemand BaseDemand" based on that entry, actually has to be "Demand EXCEEDS BaseDemand totalDemand", i.e. the two arguments appear to be reversed. After fixing this, the EnergyPlus output nicely matches my spreadsheet reference.