Well, this part has been confusing for me and now I finally get it. I always heard LP/picco was actually .367 or .366 or .365, but as was already explained in this thread, it's not just LP/picco chain - all 3/8 is just a misnomer like "2x4". Regular 3/8 chain is actually the same (.366 or so) when you put calipers on it - I just checked mine - and both come in 1640 links in a 100 foot roll. That's why some people on here note that you say 3/8" the same way you say 2x4 in lumber because everyone who knows knows what 3/8 means in chain, but you shouldn't say .375 (though people and the industry commonly interchange 3/8"/.375" all the time) because it's not. The mismatch then between them I gather is only due to the links being shallower in LP - why the drive links of 3/8 will not fit in an LP sprocket, but 3/8LP can imperfectly fit a 3/8 sprocket.