Well I guess you can still adjust preload on earlier bikes, either manually or with the three ESA presets, just that it probably won't be quite as accurate as the latest version.
However, I think the point still stands that for increasing levels of suspension compression then the differences in ride height reduce. So, unloaded there is 20 mm difference, for about 1/3 compression the difference reduces to 13 mm, and ultimately once you are at full compression with all suspension travel used up, then both bikes should have the same minimum ground clearance.
Everything you state sounds right and logical to me. But in my case the lowered bike sat lower to the ground all the time. I’m not suggesting folks should be wary of the lowered bikes (pre self level that is ) you’ve got to be really going some on undulating roads for them to bottom out.