Don't give credit where it isn't due. He didn't compare it to a typical 19th century novel.

He let the Bible represent the length of an ancient compilation of books. He found that the Book of Mormon was similar to the length of the Bible, with no controls. Even then, he cheated, because obviously the Bible is much longer, and so instead he compared lengths of individual books and found a 53% probability that such sub-book length given the book in ancient. P(L | A)
So in the null hypothesis mode, let's say P(A) is 50-50, then P (A | L) = .5 * .53 / P (L)
What is the probability of chapter length by itself? Probably 50-50 also and so he was almost right.
Anyway, we shall never know, instead he uses a alternative hypothesis model, which is the probability that Smith, as a first book, wrote a book so long (total length, not sub-book length)
in Alt hypothesis mode, he claims P (modern | length) = .00055. That's the chances of a first-time author would write a (novel?? that became famous? got published?) sprawling novel so long. So it's basically, 1,000 times more likely that the Book of Mormon is ancient because it's 1,000 times less likely that a modern first-time author would write a book in total length this long.Based on this fact in isolation, it is something on the order of 1,000 times more likely that the Book of Mormon really is an authentic ancient record and not a product of the 19th Century. Do I got that right?
And so if you were off you're rocker back in the 19th century, drank up a storm every night and scribbled out 800 pages of nonsense, then provided it was broken into chapters of extremely vaguely similarity in length to the Bible, then it's most likely ancient.