I have additional thought to enhance my previous message #37 regarding the sphere of influence SOI of the falling dipole. Consider an observer at a fixed location ##z'## relative to the origin in the middle of the solenoid. The plot below shows the spatial profile of the emf contributed by the ring next to the observer when the dipole is at location ##z##. The abscissa, ##\frac{z'-z}{a}## is the distance from the observer's ring to the dipole in units of the solenoid radius ##a##. Apart from various constants. the spatial dependence of the emf is given by $$\frac{d\Phi}{dt}=\frac{\zeta}{\left(1+\zeta^2\right)^{5/2}}~~~~\left(\zeta \equiv \frac{z'-z}{a}\right).$$ This function has extrema at ##\zeta=\pm\frac{1}{2}## and is shown below. The vertical gridlines mark the extrema.
Note that the signal from the observer's ring is essentially zero when the dipole is farther than 2 solenoid diameters (##4a##) in either direction. That could be construed as defining the size of the SOI. The spatial profile can be viewed as voltage wave traveling down the solenoid with propagation speed ##v=v_0+gt##.
Of course, the signal picked up by a voltmeter with one lead connected to the top ring and the other to the bottom ring would be the sum of all the voltage rises and drops
but only from the rings that are within the SOI. Thus, when the SOI is completely within the solenoid, there will be equalizing positive and negative contributions and there is no signal. Only when the SOI is close to the exit end will there be a signal. This is where the length to diameter ratio of the solenoid become important to the profile of the signal. My guess is that with
@billyt_ 's setup, when the trailing end of the SOI has just cleared the top of the solenoid, the leading end is about to exit. That's because one can see the curve flattening a bit at the inflection point. For comparison, I have appended below a calculation where the length of the solenoid is 3 SOI lengths. The middle is clearly flat.
My suggestion to
@billyt_ , if he were to take additional measurements, is to start the magnet no closer than one solenoid diameter from the top and increase the height from there. Use the data to verify whether the falling magnetic dipole is good model for the asymptotic behavior. If it is, then he can worry about refinements.
Edited to fix typo.