Hi Alex,
Interesting observations!
I am currently installing 3/4" solid Lauzon Northern Classics, so I took my digital vernier caliper and measured a few boards and low and behold, I observed the same phenomenon with Lauzon.
The "end" tongues average .230" thick and appear to be parallel or square. The "end" grooves average .270" wide and appear to be parallel or square. This explains the looseness when butting boards. I tried a few by hand and they are all loose. I suspect that it is done intentionally by the manufacturer to make the boards easier to butt when installing.
The "side" tongues on the other hand average about .250" thick and taper slightly by about .010" (ie. about .245" thick near the outer edge and .255" thick closest to the middle). The "side" grooves average .260" and appear to be parallel or square.
I find that the Lauzon is quite loose when butting boards, but tight along the sides.
Based on the above measurements, using a 1/4" slotted router bit would probably make for a tighter end joint than what Lauzon mills into their wood at the factory. Not sure how other manufacturer's compare.