Thanks for your comments, Bittty. My personal guess, though, rather is that bosses spawn according to the second equation. Granted, I am not sure about, as not me, but the player I was hunting with held the records (it was Darlarian who, sadly, does not play Ryzom anymore) during my daily boss hunt times. But as far as I understood, Boss spawn had to be expected anytime after the end of grace period, not just hourly. My own far more limited observations corroborate that. I still believe that the minimum respawn is 36hrs rather than 24, but the available data do not allow me to decide about.
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