Ross unfortunately it has become the norm on the forum for eligibility issues to turn into a bunfight, however this one has stayed relatively civilised. Your question is legitimate, and as Dave says put your query to MA.
With all rules, lines have to be drawn in the sand and they don't always suit everyone. The suspension travel limits have worked well I think and have helped to keep less advanced bikes in the game. I had my '74 Maico rear end limited and it was no biggie. If the limits are left open I think Geof's scenario is not that outlandish.
Kev you are a stickler for accuracy, and with that in view I am surprised you claim to have been the measurer at the 2012 Classic Nats.
Chief scrutineer was Kerry Marsh, assistant scrutineer Michael Vandenbroek, technical adviser Dave Tanner. Tanner did the measuring.
Sources are Sup regs, stewards report, C of C report, and my recollection as event co-ordinator. This is not a comment on your knowledge or expertise.