That is a large, economy-sized can of worms.
First of all, the usual definition of resolution is built on three assumptions:
1. (very important) the peaks are Gaussian
2. (less important) the peaks are already reasonably well separated.
3. (kind of important) the peaks are comparable in size (at least within the same order of magnitude).
The distribution of a Gaussian can be characterized by it's variance (sigma-squared) and thus by sigma. Baseline width (where the tangents intersect the baseline) is 4 * sigma. Width at half-height is 2.35 * sigma, etc. The traditional measure of Rs = 1.5 as "99% baseline resolution" comes from the the fact that it represents a 6-sigma separation between peak centers, and thus has just under 1% overlap between two equal-sized Gaussian peaks. The simplest answer to your question is: if the peaks are reasonably Gaussian, then sigma can be obtained from a peak width measurement made at any fraction of the peak height; all you need is a table of the normal distribution (or a copy of Excel). If the two peaks are moderately well separated, you can characterize the first peak by the front half of it's width (i.e., the distance from the leading edge of the peak to it's "centerline") and the second peak by the back half of its width. As the resolution decreases, of course, this approach becomes less accurate.
Once you get away from Gaussian peaks, things become hazy. If the first peak tails, then the overlap between the two peaks will be larger than it would be if both were Gaussian. How much larger depends on the disparity in the peak sizes and on the details of the tailing peak shape. The latter is the real problem because you generally don't have any
a priori knowledge about those details.
Overlaying all of that is the question of exactly how the data system determines peak start/end and how it allocates the split between partially resolved peaks. If you want to get into the details, get a copy of Dyson's "Chromatographic Integration Techniques" (
http://www.amazon.com/Chromatographic-I ... 0854045104 ).
Unless you're designing a data system, I wouldn't worry too much about the details. Resolution is an artificial construct that we use to evaluate the quality of a separation (there are others, by the way, such as valley/height ratios). Pick a measurement that gives you consistent results, set a target that allows you to meet the goals of your method, and get on with it. In that respect, the traditional definition of resolution (despite its flaws) has the advantage of being familiar to auditors and reviewers.