One more question .... how / why does a lower pre load allow for higher rpms
Let me try to put a finer point on it.
I assume you know what valve float is, is that correct? It is simply when the force of the valve train (mass x acceleration) is greater than the force of the valve spring. Essentially, the lifter loses contact with the cam lobe around max lift and then touch back down. The condition get worse as rpm goes up.
Lets do an example. Lets start with a solid lifter. Lets say the float first occurs at 6500 rpm. Although there is loss of valve train control, its not instant death at 6501 rpm. The cam will carry on, and rpm will still go up, but performance will fall off faster than normal. At some point you could start hurting parts.
In this case, think about what is happening to the valvetrain leading up 6500, say at 6200 rpm, 6300 rpm and at 6400 rpm. The force of the valve train is slowly creeping toward matching the force of the valve spring. Maybe think of it as the valvetrain is "getting light", but still in perfect control.
Add a hydraulic lifter into this scanerio. Everything else stays the same. Will it go to 6500 rpm? Maybe. But power will be down considerably because float started to occur earlier, probably at around 6200-6300 rpm. Why? Because your oil pressure (65 psi?) is adding to the force of the valvetrain, (i.e. 65 psi is pushing upward on the hydraulic lifter plunger) and the valvespring will lose control at a lower rpm. Worse yet, when this occurs, the engine oil pressure will pump oil into the lifter because there is no resistance on the lifter plunger. So now, not only does the valve train lose control, the lifter becomes "pumped up" keeping the valve from fully closing. Performance drops like a stone.
So the solution is to run the lifter plunger at zero preload. At zero preload, the lifter plunger is not fighting the valve spring, and if float does occur, the plunger has no where to go. It essentially causes the lifter to function like a solid lifter, all else being equal. This is why they say that doing this adds a few hundred rpm.