My guess is that maybe they’re using Zinc Oxides of different sizes (it helps to balance SPF/PFA and achieve broad spectrum protection). Also, maybe there’s soothing ingredients in the formula that prevents erythema. During testing, this can help to boost the SPF value.
I already did a version with 30% Propanediol. Had to reduce Sodium Stearate also, cause as I increased the glycol concentration, the stick got harder. Now I’ll let it at 45ºC to see how it goes 🙂
Why would you suggest cutting back glycerin though?