Seems like the guys that enjoy doing calculations are @sab @gasiorv and @freedom_in_4low see if any of them want to do it.
I do but I much prefer (and am more qualified in) heat/energy/fluid mechanics, but yes:
Here is a neat basic article of the concept.
https://sendcutsend.com/blog/the-science-behind-bending-stiffness/
It is mostly to deal with the area moment of inertia. Think of a 2x6 laid flat vs upright for something like a floor joist.
This. The moment of inertia of a rectangle is proportional to the width and to the cube of the height. All else being the same, adding 33% to the thickness adds 33% to the moment of inertia, but adding 33% to the height would add 135%.
Since moment of inertia is based on the load axis, if you want to know how strong it is against vertical forces then the effective height in the vertical axis (and the effective width in the horizontal axis) is what goes into the moment of inertia calculation. A 45° bend would need to be 69% (hehe) wider to achieve the same height, but the effective thickness is also increased since you're measuring through the 1/4" plate at a 45° angle as well. That said, the loads aren't really vertical...the ideal bend angle of that back flange would be to make it's plane parallel to the primary load - obviously loads are variable but putting it somewhere in the middle of the expected load angles makes sense, and 45°, if that's what it is...probably isn't a horrible idea, and with extra height can easily be just as strong as the original flange or stronger in the direction that matters, but that doesn't mean the rest of the deck is just as well supported after losing 50% of its thickness through the middle. My statics and material science skills don't extend into 3 dimensions so i'll have to leave it to someone else whether 1/4" is still enough when we used to get two layers of 3/16".