As far as I can tell, your assumptions are correct.
Effectively, what seems to happen during balding is that the number of DP and DSC cells is gradually reduced due to immune-response like effects (thanks to PGD2's dual-use in hair cycling and immune responses as well as Dkk1 and the absence of VEGF, FGF, etc in adult human skin) leading to apoptosis of these cells. The fewer DP cells you have, the more miniaturized the hair sprouting from a follicle. The fewer DSC cells you have, the fewer DP cells remain.
RepliCel basically aims to reset this state. By replenishing the number of DSC cells, the number of DP cells is increased again and the follicle starts its life anew. Under the assumption that the follicle was restored to full health, i.e. original DSC and DP cell numbers (DP should be around 500), it will have a pre-balding state again. So the time until it goes completely miniaturized again will be the same as when it miniaturized the first time (all other things being equal, i.e. DHT levels and AR count/sensitivity).
Example: If a hair follicle completely miniaturized 8 years after balding commenced and if RepliCel's RCH-01 replenished this follicle's DSC reservoir completely, it will take 8 years again until it is completely miniaturized again.