I'm just a hobbyist, not an expert. Others can and should
chip in. But I have the RS-232 spec handy and figured I'd
give it a shot.
I can't answer about how good your capacitance measurement
is. Probably should be done with an LCR meter set to 10kHz
and 100kHz. Good twisted pair runs 15pF/ft or less... but
cable for RS-232 would be roughly 40pF-50pF/ft. Your 300' of
cable measurement comes out at 7.7pF/ft. Which doesn't seem
likely.
RS-232D specifies at most 2500pF for data rates up to 9600
and receiver impedance between 3k and 7k Ohm. The bit times
for 9600 is 104us. So the tau=RC=7k*2500pF=17.5us. That's 6
tau per bit time. At 19200, the bit time is 52us, so the tau
should be half of 17.5us or 8.75us and the capacitance should
be 1250pF or less. If the cable were older RS-232 cable at
50pF/ft, that would limit you to 25'. But since you are using
unshielded twisted pair, it's more likely to be closer to the
15pF/ft figure. Which gets you three times as far, or maybe
75' or so.
Also, actual testing of cables shows that the RS-232 driver
and receiver pairs actually do better than the standard says.
Receivers usually aren't 7k Ohm, for example, but less. So
that's good.
Since these were based on worst case 7k ohm receivers... just
guessing at this... I'd say you've got a good shot at it
working okay at 60' and 19200. Of course, none of this takes
into account noise and nearby machinery effects. Or ground
loop currents, if any. But I'd say it's worth a shot and that
you will probably be okay. (I know I've run more than 60' of
non-twisted pair cable at 19200 without any trouble --- from
a VAX 11/780 computer to consoles placed outside the raised
floor, air-conditioned room.)
But maybe an expert will chip in and set me straight.
Jon