Tick Tock, best range would be at Best L/D (Which IS co-incident with Minimum Drag) IF power was equal at all speeds. It isn't. Hence we have a power curve. Best range occurs at Maximum Excess Power, max endurence at Maximum Excess Thrust.
Well, even that isn't quite there. If you're talking about maximum rate or angle of climb, it's reasonable to talk about "Maximum Excess ...". But we're talking about level flight where there's no
excess power or excess thrust. So it's not about the maximum power or thrust that can be obtained, but rather the efficiency at which the fuel can be turned into power or thrust.
For a piston engine, (power) specific fuel consumption varies somewhat with the power actually produced, hence the lowest fuel flow required may not be exactly at the minimum of the power required , but it will be close. For a jet engine, thrust specific fuel consumption increases significantly with speed, so best endurance (lowest fuel flow) speed may be at significantly less than Vmd, and best range may not be at as high as 1.32 Vmd.