That's why this is a pretty darned accurate method. A proper baseball throwing motion involves using the entire body, leading with the elbow, and pronation, all of the same things that are necessary when serving. If you have the technique down for one, you're likely able to use it for the other.
I've also verified this rough rule by measuring more than 20 people, most of whom have played baseball but some (like my wife) who have not and "throws like a girl" without leading with her elbow. She throws 45 MPH, and can serve in the upper 60's using more or less a hammer grip. When my son was younger and could throw about 50, he could serve about 75. He can now throw in the low 70's, and is just breaking 100 MPH consistently on his serve.
Also, on the very high end, you have guys who can throw about 100 MPH, and at the very high end, tennis serves are about 150 MPH. The average major league fastball is about 90 MPH, and the average professional male serve is in the 130's when they crank it. It's a pretty accurate approximation. If you think you have male pro serve potential, you should be able to throw a baseball nearly 300 feet on the fly.