So how long is the 27.2mm part of the tool?
Being a large frame, it wouldn't be unheard of for the seat tube to be more sturdy than a smaller frame, so perhaps it was originally 27.0mm.
Who knows why someone decided to ream it out, or why they only went 50mm down (at least 60/65mm would make more sense), but I've seen stranger things.
Either way, if the tube is definitely 27.2mm at the top, then I'd get the rest done: using a smaller post risks damage to both the post and the tube.
@Scilly.Suffolk started
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
So how long is the 27.2mm part of the tool?
Being a large frame, it wouldn't be unheard of for the seat tube to be more sturdy than a smaller frame, so perhaps it was originally 27.0mm.
Who knows why someone decided to ream it out, or why they only went 50mm down (at least 60/65mm would make more sense), but I've seen stranger things.
Either way, if the tube is definitely 27.2mm at the top, then I'd get the rest done: using a smaller post risks damage to both the post and the tube.