Nope. While your calculations are true, Your assuming the bi-metallic strip itself bends in in a linear motion with current. That is not true. It may take 4 times as much current for each quarter of deflection. Just to simplify the discussion and to illustrate the point, lets say it takes .1 amp to deflect it to 1/4 full. It would then take it .4 amp for 1/2 full, 1.6 amps for 3/4 full, and 6.4 amps to read full. I do not know what the actual values are, I just remember experiments from electronics school many moons ago.
OK, Run the tank dry. Then fill it to 1/4 on the gage - how much fuel in gallons? fill the tank to 1/2 - how mant more gallons? fill the tank to 3/4 - how many more gallons? fill the tank to the full mark - how many more gallons. You will find that the gauge does not work in a linear fashon.