Here is another finding. When I tried to get the same measurement (with electric delay 247 ps) for 500R terminator with no connection to PC (powered from accumulator), it shows 500 Ohm and VSWR=10 almost up to 900 MHz.
For example:
600 MHz: Rs = 550 Ohm, VSWR = 11.07
700 MHz: Rs = 501 Ohm, VSWR = 10.03
800 MHz: Rs = 478 Ohm, VSWR = 9.62
900 MHz: Rs = 462 Ohm, VSWR = 9.08
So, it seems that USB connection to PC affects measurements...
Tried more tests about that. When I connect it to powered off power bank, there is no influence, but after power on, there is a change in measurement above 500 MHz. It seems that external power supply leads to increase power supply voltage and it affects measurement.
I tried to calibrate it with external power supply, but it seems, that calibration cannot eliminate measurement error which appears with external power supply. So, the only way to get the best measurement is to disconnect device from external power supply. Very strange. Any idea how to fix it?