Second, your example isn't very good because it assumes that every 8 byte character (save one) is acceptable, which is rarely the case, especially if you are trying to memorize them.
Finally, as another commenter pointed out, you've got your math wrong, and even your example has more entropy for the words than the characters.
(which works out to 8.55E20 and 1.78E19)
I love the backtick in my passwords. If a website accepts it and doesn't give me any issues, it's a decent indicator of basic security.
Most of the word usage is going to be limited though too. testyourvocab.com put the average at 27k I think. We're looking for words one can remember easily so the word pool is going to be a lot lower - 15000^4 ~= 5E16 FWIW.