Warning: If you aren't a nerd, you probably don't want to read this...
My guess is that for macro you will be shooting the D70 at F16-f22 with the strobes at full power and the diffusers on. Too bright? Go to f27.
In my admittedly limited experience, these are good guidelines. However, there may be some decreased sharpness due to diffraction error at such high f-stops, especially for magnifications >= 1, as I imagine James knows. However, the ideas are so fascinating to me that I cannot restrain myself...
The diffraction (or Airy) disk size is about D ~ 0.7*N*(m+1), D in microns [wavelength in the middle of the visible band]. Crudely put, this is the size a "point" spreads to due to diffraction of light through the aperture. Thus, it is the minimum size that can be imaged at the sensor, due to diffraction.
We can estimate the maximum f-stop free of diffraction artifacts by setting D equal to the circle of diffusion, C, C~0.7*Nmax*(m+1); Nmax~1.4C/(m+1). Basically, Airy disks smaller than C won't be imaged, those larger than C will be, and should therefore be avoided.
At a magnification of 1 and with a DX sensor (C~20microns), the max f-stop without diffraction is about 14; for the larger circle of confusion on a full-frame sensor C~30microns gives Nmax~21. This limit is one of the motivations for large-format sensors for m>1, as Craig Jones has eloquently written; the larger f-stop gives the larger format more depth of field without diffraction.
At larger distances, m is smaller and larger fstops can be used without diffraction. At infinite distance, m=0 and Nmax~1.4C, or 28 for a DX sensor (42 for full frame). Thus, an f-stop of 27 will probably cause diffraction artifacts on a DX sensor at close-up to macro range.
m depends on focal length and distance to subject, but not on sensor size.
If you are more concerned about depth-of-field than softening due to diffraction, you may choose to shoot at f-stops higher than Nmax and use high strobe power.
If you want to limit softening due to diffraction, use Nmax from the above and lower strobe power.
Besides Sidney Ray's book, there's a nice discussion here.
All the best,
Chris