The (theory) is correct in the placement (off) the points when setting up to machine. However, the approach to get to the dimensions vary from manufacturer to manufacturer for some very good reasons. The gov't inspections do not care how you get to the correct dim. only that the measure is correct to the spec. You are very correct about how this print makes the points prior to the clearance cut important. Manufacturers have found that this particular print and datums approach is not as good as others used, due to the fact that it makes the points as important as the angles, and that shouldn't be. The angles are important (critical)part. The theory of the points is hard to control due to the severe way the sharp alum. is hard to control, to a very fine edge, much like a knife, prone to an accidental ding that messes up measuring with a dial indicator and/or on a comparitor, and just not as accurate and or controllable on a production line. Handling these sharp edges without damage to the point, measuring, cut hands, and a general pain in thier assets. Yes, when in a CNC machine the rail will have the points machined off, but the other problems do creep in. The thickness of the plating is another factor that can also cause variations, but that story some other day.
I have seen various proprietary methods, and the results are good from the mil spec makers.
If you examine all the various attachment devices that have been used for many years, such as the Leupold rings, KAC attachments, ARMS mounts, various mounts from the NV and thurmal makers such as Raytheon, Litton, the former Hughes Corp., PEQ laser attachments from Insight, etc., they all have a maximum dia. that also fit all the dovetail mil-spec rails to include the ARMS rail, which were actually the earliest 1913 rails. If a certain new pistol grip doesn't fit, does that mean all the other long time experienced makers are wrong, I don't think so. I'd suggest that the new pistol grip maker (any new maker) take a second look at what has been and is in service out there, and correct his mold to be in standards, set up years ago.
Good shootin, Jack