Also, the extra width past the mag base shoves the whole thing into that "... or are you happy to see me?" region. 
Just to let you know the reasoning behind the "extra" leather-
We experimented with different shapes & sizes, and found what always holds the weapon upright in the
majority of pants we tried. I have a one-off smaller-sized holster that hides better in some pants, but in others, tends to flop over on its side, so it shows more, and is difficult to withdraw. Kinda nice to have a drawer full of different holsters to try!
The other advantage of the current design is that it works equally well with the extended grip.
A customer with a Ruger LCP asked if he could trim the leather to fit closer to the bottom of the flat base plate.
Umm, yeah, it's your holster.
He did, and later told us he liked it better that way. We're just glad he's happy.
We considered offering the "mini" as another option, but were a bit concerned that there would be too many cases of it not staying in the proper position. Pretty much defeats the purpose if you have to straighten up your holster before withdrawing a defense weapon in a hurry.
All depends on the particular pants one wears.
