I used to think both of those things. Here is my current thinking. Open to debate, but it makes a lot of sense.
Charge pressure is made from the point the intake closes to the point the transfer uppers open. Dropping the cylinder doesn’t change that duration. If you then raise the uppers, you reduce case compression timing.
Dropping the jug does not affect case volume. The piston still goes to the same height. Removing material from the case, lowers or piston are the only things that increase case volume.
Edit: I guess that’s not entirely true. You do lose a tiny amount of transfer tunnel length on bottom fed cylinders. Usually you gain it back when you raise the uppers, but it is a change.
In this case, the 460 case already has less volume than the 660 jug was designed for. Adding stuffers would be interesting but this combination should already have a high powerband.
@NateSaw, I’m really excited to see this thing cut. Where does the bottom of the piston end up relative to the transfer lower at BDC? Is it in the middle of the lower or below it?