As I understand Chris Long's work, it is barrel length, not bullet travel. That is because his theory specifically opines that longitudinal shock waves travel through the length of the barrel, thereby negatively affecting precision when the location of the shockwave coincides with bullet exit from the muzzle. In other words, it's not the distance the bullet travels, it is the distance the shockwave travels back and forth through the barrel. However, there are plenty of skeptics regarding this particular explanation of the mechanism by which OBT Theory works, so that needs to be taken with a grain of salt. Many questions remain. For example, does this supposed shockwave simply stop where the barrel screws into the action, then head back the other way? Why would it not continue into the action itself? To be certain, I don't have the answers to any of these questions.
Nonetheless, in my hands certain OBT Nodes exist right where the OBT Table suggests they should be, and they appear to work very well (i.e. Node 4), matching up quite nicely to QuickLoad predictions for the specific barrel length, bullet weights, powder, and muzzle velocities I have obtained, using barrel length (rather than bullet travel length) as the input. Certain other loads I commonly use do not match up at all to predicted OBT Nodes, ending up perhaps halfway in-between predicted OBT Nodes. But they also shoot very well, so it's unclear to me whether the OBT "longitudinal shockwave" explanation is correct. Certainly some of the OBT Nodes are right where they're predicted to be, but that does the explanation of the mechanism which governs their location is correct, or constitutes the whole story.