The purpose of the load calculation is to determine the minimum that you must allow for, when designing the service or feeder. If you do the calculation two ways, and come up with two answers (which you will, as Roger pointed out), you are permitted to use the smaller of the two answers. You don't have to; you can install a service based on the larger answer, and the owner might eventually be happier with the result. But that is not an NEC consideration.