A math error of 1ms vs 1.132 becomes iterative to the closer speakers (typically surrounds). Denon's response was essentially that it was "close enough" for the consumer, so they weren't correcting it. And hey, maybe so... except that people who use MultEQ-X hear an improvement in imaging between speakers, and people who have made that correction themselves without MultEQ-X have heard the same improvement.
I can't speak to whether it's still present on the 4700, but the OP's 4400 DEFINITELY has the issue, hence my recommendation. I would have to compare a 4700 with MultEQ-X to see what values it assigns. With other models, you can change MultEQ-X to display in milliseconds instead of feet and the ms value in the software will be the constructive "feet" assigned in the AVR, differing from actual physical distance. Because... 1ft = 1ms in the AVR.