Reparrow explained the cause of the gap. A lot of wood shafts aren't exactly the size they're supposed to be. Some are a bit larger than 11/32, some are a bit smaller. Likewise, not all points are ground the same. Some are a little larger than 11/32 inside diameter, some are a little smaller. The same relationships holds true with 23/64 size components. When everything is sized as it should be, there is no gap. But often, that's not the case. It's a minor annoyance. A good glue will hold the point on.