That matches up with my Shooter's Bible inference.
My curiosity has arisen because I just purchased a LH 700-based rifle that was made by the renowned gunsmith Lenard Brownell (he designed stocks for Bill Ruger and Kimber, and also was a manufacturer of scope rings, grip caps, etc.) Based on Lenard's serial numbering, it was made in 1975--just shortly after the Lh Rem 700 hit the street. He died of cancer in 1982, and only made about 47 rifles after mine. There can't be but a couple LH Brownell rifles ever made.
