action lenght refers to the size of the action rather than the lenght of the bolt travel. it is about how long a cartridge can be "worked" through the action.
a true "magnum" action is sized for the .375 H&H + lenght cartridges
ultralight arms, before colt bought them, made their short action (ul-20) with a longer bolt throw, and mag size, so that shooters could load their bullets out further (.284 so the bullet base could be level with the base of the neck)