Steve, regarding the ratios 1.00 x module for addendum (in mm) and 1.25 x mod for dedendum are the correct ratios for metric gears.
The 3.142 pitch indicates it is a 1 mod gear/rack (conventional rounding: 5 and above round up, less than 5 round down). The pitch line (PCD in DP terminology) should have 1/2 the pitch in each tooth and space segment. This will determine the width of the tip of the rack. I haven't calculated the overall height to sharp corners (2.72), so you may be correct.
Hobs are not produced to a sharp angle, but obviously allow some clearance above the outside diameter of the gear.
Bill