I think above centerline might also have to do with the way the inserts are ground. The 1/2" AXA holder I have holds the blade at an angle which has the same effect as running above center. I suspect this helps in two areas, first it changing the pressure angle on the compound (although not a much) and second it adds rake to the top of the tool without grinding... although the grind angle on the front of the blade needs to be more extreme. I suspect this is why new blades come with opposing ends sharpened at different angles, one for a level tool holder and one that holds the blade at an angle.