I just want to recap. The OP has 12l/m cold (which is acceptable) and 4l/m hot (not awful for a kitchen mixer, but definitely on the low side of acceptability and may not even comply with the Water Regulations requirement to have 50°C water available at the tap within 30 seconds (depending on how much dead-leg there is in the pipe run)).
If I assume 1.5 Bar cold working pressure and 1.44 Bar hot working pressure and use your pressure/flow equation above, and assume the mix the manufacturer suggests is 50/50, then I get 16 point something l/m combined flow, which is not far off the 14.5 l/m measured flow. Since the working pressure of the hot is certain to be at least slightly less than the 1.44 Bar (which is the standing pressure), but not massively less, I can't see that there is anything to suggest that the tap itself is defective.
I'm going to assume this is a lever mixer and that Mdljk has tested the hot and cold flows not as John wanted, but by putting the lever to fully hot and fully cold positions. If so, I would explain the fact that the combined flow is less than the sum of the fully hot and fully cold flows by the fact the this kind of mixer design tends to throttle both sides to some degree when in mixing mode and only opens the individual ports fully when in 100% cold or 100% hot mode. Presumably this is to ensure that (on balanced pressures), the flow is roughly consistent across the entire sweep of the hot-cold spectrum.
Back to where this leaves the OP: If (1.) the tap incorporates single or double check (anti-backflow) valves (or similar device - may be worth asking Blanco) or these have been fitted to both the pipes below the tap and (2.) with the dead leg from the cylinder to the tap fully cold (eg. first thing in the morning), the hot water reaches the tap in under 30 seconds (tap fully opened in 100% hot mode) and (3.) Blanco does not specifically state that the tap MUST be installed on a 'balanced pressure' (i.e. equal hot and cold pressures) system, I suggest the installation is acceptable from a technical point of view and if Mdljk wants better performance, this needs to be an 'extra'. On the other hand, if these 3 requirements have not been met, then the tap is not suited to the plumbing system at the house, the installation is illegal under the Water Supply (Water Fittings) Regulations 1999, and either the plumbing system needs to be modified or the tap needs to be replaced with one suitable for use with a traditional British mains cold, gravity hot system.