While that is true its based on the fact the poco is sposed to deliver 240 at the service making the outlet usable with all the allowances. In the real world it works better than the minimum due to the fact the service is hotter than that. I am not sure when those allowances were written?
FWIW,,, if we look at some old welders, the wire size is the same at 208 "some" , 220 back when it was and now at 240. The settings on them are hot, my buzzer is 92 on 85 and 118 on 105. My friend moved up here and said, wow my welder is hot. Everything has been upgraded to some extent, rare to see an old tranny here. Mine is 245 coming in,
There is always huge speculation about V drop. We were investigating an issue and my bud Mike works for the poco stopped by a job I owned and pulled on the weatherhead,,, 130A on old wire for 100 service and wend from 242 to 241, this was a quite a stretch and tranny down the block with half a dozen houses on it and a couple after. By the charts, the distance calc would have thought several V drop but NOT, I was really impressed.
I recall the wording best I can, the basic idea in the poco mandate says they got to deliver it at this making it usable with acceptable losses as per NEC at the recept for intended purpose.
Welding machines are a good example simply due to the fact they list max conductor length and min size.