I think something that gets overlooked is where there are varying degrees of concaving through the profile of the bat. I'll try to illustrate this with an example...
We start off with 2 identical 2.10lb bats with a identical mid-profiles and balance points. We assume this balance point to be where the max spine height occurs and both start off with the same amount of concaving.
But now with Bat 1, we remove 1 oz by further concaving the areas
above the initial balance point. This will then move Bat 1's balance point down the blade.
Then on Bat 2, we remove 1 oz by further concaving the areas
below the balance point. By doing this, we raise Bat 2's balance point up the blade.
So Bat 2 should now pickup better than Bat 1, even though both bats weigh the same 2.9lb and have seemingly identical side profiles. In a way, it's similar in concept to offset edges.
Hopefully that was somewhat clear...