Yes, you are correct. No, you are not missing something. In little experimenting (nothing compared to Lou's work) I found no advantage in the level of neck tension that I tend to associate with 133, neither did I find any advantage to unusually light neck tension. I usually like to seat into the lands, and the ability to do so directly relates to neck tension, BUT given the difference in how this powder builds pressure, I probably should do some start from scratch with no assumptions testing, including seating depth. With LT 32 I have see shooters do well with a little jump, so I may be traveling in those uncharted (for me) waters soon. What I thought was more or less universal, after years with 133, may turn out to be less so than I had previously assumed.