George, I think you are correct, but just let me add that if I didn't realize there was a 0.032" difference in bullet base-to-ogive, and my seating die was set to seat a 0.538" B-to-O bullet at 0.02" jump, my next bullet, perhaps being 0.570 B-to-O, would change the jump.
That is not the same procedure as seating everything to "overall length" (case base to bullet tip) but the net effect would certainly be as you described.