An exemplary method for selecting data density values (e.g., bits per inch) and track density values (e.g., tracks per inch) for magnetic recording media having variable bit aspect ratios comprises obtaining a plurality of data density values and a plurality of track density values as a function of a corresponding plurality of bit error rates; determining a data density/track density correlation between the plurality of data density values and the plurality of track density values for at least one Sector Error Rate; and determining a data density capability value and a track density capability value that provides an areal density capability value that satisfies one or more predefined criteria (e.g., a substantially maximum areal density capability value) using the data density/track density correlation. A selected data density value and a selected track density value are optionally determined for a given target areal density capability using the data density/track density correlation and the determined data density capability value.