Is that a word???:shocked: The books will tell you it headspace on the case mouth. IMO, & others that reload this round a lot, it headspaces on the tiny shoulder as all bottleneck rounds should. Reality, it probably is held in place by the extractor BUT, get the shoulder worng & the round will not fit. It will be too far forward & not chamber or too far back & w/ a sloppy ectractor, will not fire. To date, I think every manuf has it right but RCBS, the sizing die used to not get the shoulder right & had to be milled off a few 1000ths to get the shoulder right. I use Dillon dies. Screw the sizer down to just allow a sheet of paper to pull out & they are perfect in 4 diff 357sig bbls; Sig, Barsto, Glock & EFK.