I don’t know about Timken, but at FAG that’s not true. The components may be taken from the main line, but they are measured and reworked to the level of precision needed. That is why they are so expensive, a significant amount of hand work is needed to get the higher levels of precision. Tolerances for normal precision bearings are fairly loose and can be run on high speed production machinery without the need for manual labor.
Barden Bearings for example only makes ABEC 7 and 9 bearings. The class 7 bearing components are measured at the production machines and run through the grinding/lapping machines until they pass, or are scrapped. For ABEC 9 bearings, the components are taken from the production line and brought into a temperature controlled room and measured to the required standards once they have reached the required temperature. There are specialized machines that are used only on the class 9 bearings in the temperature controlled room. The amount of process time and labor to go up from each class is significant, and the price reflects that.
If you want to get a potentially higher precision bearing at a normal cost, look for FAG X-Life bearings. FAG changed their process about 16 or so years ago and called it X-Life. These bearings are guaranteed at the normal P0 precision, but often meet P6 standards due to tighter process control than in the past, but that is not guaranteed! You could get a bearing that only meets P0, but in general it is a higher quality and precise bearing than what was available previously.