understanding the affect of the 1.001 fix has given me tons of job security. That understanding came not from just book learning, but OJT from working in a film/video post house that had engineers, colorists, and editors that were all willing to entertain a young college kid's constant use of "why?". Then being present for the transition from editing film on flat beds to editing film transfers to video. Part of that came from having to transfer audio from tape reels to video by changing to the proper 59.94Hz or 60Hz crystal that was needed to control the player's speed. Also had a studio DAT deck that could slow down the 24fps audio record in the field to playback at 23.976.
Literally, to this day, am I dealing with all of these decisions made ~100 years ago. The 1.001 math is a bit younger when color was rolled out, but what's a little rounding between friends?