The math all depends on how many squid the whale eats each day, and how long the beaks remain in the stomach (prior to being regurgitated - if in fact all beaks are regurgitated). It also depends on our equations for determining squid size based on beak size, and for a number of these deep-sea species of squid we know very little about them (and the conversion equations are not correct).
One of the things that never ceases to amaze me is that during all deployments of crittercams to whales NOT ONE squid (to the best of my knowledge) has been seen being eaten (giant or otherwise). If the male sperm whale eats 350+ squid per day, and the female 700+ per day, just to sustain its bulk, then you would expect to have seen at least one squid being chomped. [even though the bitey end of the whale is a very long way from the camera end at the top]
If you think about it too hard you'll get a sore head. The male eats less squid per day but attains larger size? That's odd. Maybe it eats larger squid (so doesn't need to eat as many smaller squid). Questions, questions, questions ....
Another one of those weird facts is that the whale is eating species of squid that are generally considered to be extremely rare (even in massive fishing trawls .... those nasty 'bottom trawls' that destroy the seabed and catch everything in their path). So, how is the whale catching them - are the squid really that good at escaping nets (some things like Architeuthis, Pholidoteuthis, Mastigoteuthis and Histioteuthis are regularly caught my trawl .... but I could count on one hand the number of Lepidoteuthis, 'giant' Octopoteuthis and Gonatus that exist in NZ marine collections, and these brutes seem to be consumed in great numbers by the whale). Mesonychoteuthis is not known from NZ waters (one specimen is known a stone's throw south of South Island) - so many of these fresh-looking beaks that are recovered from the stomachs of these whales have probably been eaten in waters outside of the New Zealand EEZ .... and there's no way that a whale is swiming at supersonic speed to get from ~ Antarctica to northern New Zealand in 2 days (this is how often they think the whale regurgitates the contents of its stomach [beaks]). So, I think there are a few flaws in the math ...
The squid will still be super-abundant, but not as abundant as some estimates have stated.