No, that is not right. You can load to 100% with noncontinuous loads. You can only load to 80% if your loads are all continuous—figured in at 125% loading on breaker and conductors. It amounts to you can go to 100% of the rating after applying the 125% headroom allowance for continuous load portion.Let me throw another one at ya- The breaker we have installed is a standard 80% breaker. Meaning I should not load it beyond 640 amps, right?
Also, just because a machine is on more than three hours does not make it a continuous load. It has to operate at the calculated load amperage for more than three hours to be a continuous load. For example, you can operate an electric oven for more than three hours preparing some meals, but the heating elements are usually efficient enough that thermostatic control cycles the elements on and off during that time. This is not a continuous load.
Have some chores to do, will comment on rest later if not already commented on (properly) by others...