It could depend on the quality of the retailer you are using, sellers do lie. when you say "I don't know about regular LC cartidges", your not implying you think anything but M118LR uses 175SMK's, are you? because the only ammo loaded with 175 MatchKings is M118LR/316mk0. everything else uses something else, always been that way.
even with that said you aren't thinking that SMK's are on the button regarding tolerances because they never have been, don't need to be, and will never be.
They still shoot very well, they met the spec put up by the military and it just shows how well mass produced ammo can shoot. This isn't benchrest or at least should be confused as such.