Hi DD,
I really hadn't thought of it that way, but you're right. And it seals so well that there's no need to lube or GC the bullets either!
I'd always thought of it as the CoW being the filler, and the dacron just as a sort of spacer to keep it at the base of the bullet. I suspect you'd get exctly the same thing if you just used a cardboard or felt wad to hold the CoW in place. In retrospect, the only reason I didn't use a wad was that I was planning tests with bottlenecked cases while putting the 45-70's together, and naturally, a cardboard wad wouldn't work with them, while dacron worked with either.