When the hot-stamp is applied, the heat causes a certain degree of chip melt, which is then displaced by the die and forms a ridge around all the letters. TR King then sands off that very small ridge, so as to have a smoother surface on the inlay.

However, in this particular instance, too much pressure was applied with the hat-stamp die and more than normal amounts of molten chip oozed out to form mach larger (higher and fatter) ridges around each letter. Then, when they sanded the ridges off, it left the fatter (wider) bases of the ridges.

If this is what you are saying, then yea, I'd agree, thats why the hot-stamp looks so bad.

Jim