Understanding when Elemental Overload beats CC/CD

On the wiki page for Elemental Overload, it lists a table that purportedly details the effectiveness of EO vs CC/CD builds.

What I don't understand is what the numbers mean. Is the red values stating the best opportunity to use EO over CD? Or is Red saying you are worse off playing EO over CD?

Well, you do know that EO is a 40% multiplier. That will result in 1.4 times the damage. The numbers in the table are the multiplied base damage by certain critvalues.

Any value you see in that table that is under 1.400 (times your base damage) is less damage then just EO damage. So RED is where EO has higher value.

Still you can not just look at crit vs EO in a vacuum. It depends on so much more. For example whether your skill can even crit, if you do 100% of your damage as elemental or are you doing some of it as physical or chaos or if you can profit from different rolls on gear that will make gearing for crit extremely hard or even not worth it.