One must remember that it is really trying to match (ideally) what you HAVE previously done in your training/racing - with a reasonable goal structure as well, based upon this - to what you hope to race. Simply basing it on one session is rather simplistic. With a reasonable aerobic base and a 5k PR of 15.59, multiply by 2.1 gives a projection of 33.36. So 33.30 would be reasonable, but other factors may mean (when you actually race) that you run faster or slower this thi projection.
I ran 4x2k (4min rec) from 7.10-6.56, admittedly on a grass park, and ran 34.19 off of that. It isn't just one session but an amalgamation of other supporting sessions, developing a spectrum of the appropriate energy systems, that really will dictate what you might run in a race.
Therefore you are in the ballpark of your 33.30 expectation, as long as you realize that it might not happen exactly in the next race, but the potential is there, now go out and race and forget about anything else.
And yes you are right - training is to help you race better, not to judge your racing by. If you want that, then just try and do fantastic sessions (I hear that all the time from people who tell me how great their sessions are, but can't reproduce them in a race) and don't bother racing.