Maybe someone should just do a test, check it cold, drive it for 30 mins to warm it up, then check it straight away hot, and then again after 20 mins - see what the difference is.
I would think hot but wait 15-20 mins is the best, because hot oil is what is important to know, if it expands when hot and goes over the max line then you're in trouble! The 15-20 mins gives it enough time to drain into the sump - when I did my oil change I waited 30 mins for it to drain, and it took almost exactly 5.9 litres after.