Petrucellij is correct. It has to do with the perforator, not the printer.
It is not really 11x10.5, but 11.3x10.5. And it is not really 11, but 10.9. (not sure if I got the decimals right, and I have not confirmed these measurements for either the 1922 nor 1929 series)
Your perforation measurement is basically correct. In general, for a long time Scott editorial policy has been to "round" the perforation to the nearest 0.5 perforation. I do mean "round" because the manner in which it was "rounded" has not been consistent (probably due to the changing editors over the years?). Even after BEP started using the in-line perforator in the 1970s, Scott did not change. When the die-cut issues began to appear, Scott realized that 1/4 perfs were significant, and then did the proper thing by going to decimal perforations. However, they did not go back and re-edit all the traditional perforation measurements.
If you look in non-US catalogs (such as Stanley Gibbons, FACIT...) they have traditionally used 1/4 perf measurements and/or have switched to decimal perforations.
I started as a Scott catalog user -- when I was working with the perforation varieties of some of the British Commonwealth of the 1950s-1960s, it was frustrating to figure out which way Scott was rounding the perforation (I was never certain until I got BOTH perforation varieties). Later, I learned that many of the non-US catalogs listed the perforations to the nearest 1/4, and that helped A LOT.

k