I've heard that theory, the problem is the 5" jacks I have have the crossed top, fine pitch thread, and block formed ends (being more a '70 guy), as well as late 9/early 0 dates (i.e., 9K, 0C, etc.) :^)
I tried the hypothesis that the 5" jacks were for space savers, but I've talked to space saver owners who claimed their 6" jacks were original to the car, as well as owners with 5" jacks on cars with full size spares, that again, the owners claimed as original, as well as vice versa. I also couldn't find a plant difference, the majority of jacks I looked at were in Dearborn cars.
I set out to figure out how to restore a jack to a really nice standard, i.e., fully disassemble them, refinish the components, then reassemble. I machined new rivets (including the rivets with the sunken "T") and rivet sets, machined new end blocks, etc., but I'm stuck because I could never figure out what was correct, especially after I figured out some jacks were smaller than others (yeah, the rebuild process ended up being very time consuming.) One "humourous" day was when I tried to thread my new end block complete with Acme thread onto an old rod, no go, which lead me down the path of detail measuring the thread on the rod, leading to the conclusion it was a custom square thread, not an acme thread. Luckily my young daughters didn't hear that language . . . Hint, my new square end Acme threaded block is worthless, and threading new blocks ain't gonna happen . . .
Carl