I'm not sure that I understand your Q. But, I've seen some gun writers talk about using a gun's "point blank" range in such a manner....If what you are say, that if you zero your gun for 300 yards that it will be w/in 4.5" of the line of sight out to 450 yards,,,,it sounds feasible....maybe.
A .270 will drop a foot between 300 and 400 yards, WHEN ZEROED FOR 200 yds. Pushing the aero back 100 yards really changes things. The dif between a 50-75 yard zero and a 200 yard zero is less than 3" at 100 yards (and probably less than .5 inches at 50 yards). But, at 300 yds, the dif is probably 2 feet.
Now, here is the deal, ALLLLLLL guns should be zeroed for no further than 250 yards. If you zero your 270 for 200 yards, like it should be....it will be w/in 3 in of the line of sight out to 200 and then also out to 250. At 300 it will be 7-9" low, at 400 about 20-24" low. If you have a rangefinder the hold over is easy to figure.
If you have a BDC scope, easier still.
I have a firned that is into sniper scopes, he uses such and such a dot (below the cross hairs) at a certain range and has it taped to his stock. I've seen him shoot his 7mag out to about 700, and and not miss a baseball sized circle on his silouette. Personally, I estimate the hold over by comparing it to the 18" tall deer that I'm shooting at and w/a .270 you hold on hair out to past 300 yards...at 400, you aim about 1/2 an animals height to a full animals height above him. Being as it is that far away, you don't take the shot w/o being able to lock into position. If it has to be rushed, then it ain't going to happen...w/Me at the scope.
So, it MAY be true, but do your self a favor, don't zero your gun that way. The reason nobody knows, is that method went out w/the Flintstones....optics are much better than they used to be.
If you look at anyone of the big 3 ammo makers websites, they will have a short-range (50 or 100 yds) and a long range zero (usually about 200 yds) there is a reason for that.
John 14:6