That's odd, my 1397000 actuates in basically the same place as all of my other Model Ms, and there's quite a bit of travel after it. The space bar feels the same as all the other keys, as well.
Of course, this is based on me pushing the keys as slowly as I can past the actuation point, and then feeling how much further I have to go. So no actual measurements.
But it definitely FEELS like more than a single mm of space.