I just measured both of my 2004 BowTech singles for you guys and I can tell you that what you are describing (Measure to the valley) is NOT how BowTech measures draw length.......
First here's how I measured my draw length.
(It's easy since I shoot 30" draw models)
I took one of my CXL350's and made a mark on the shaft from the bottom edge of the nock groove down the shaft to a measurement of 28 1/4".
Next I took my brace height for each bow and made a mark on the arrow shelf cut-out/riser that exactly corresponds to the deepest part of the bow's grip.
For my Pro40 that put the mark almost exactly in between the two holes..........Liberty in the center of the nearest hole. (Don't assume brace lines up with these holes.)
don't eyeball it either, measure from the string to brace, and then use that measurement to mark your riser.
When you draw the bow you take that 28 1/4" measurement and ad 1 3/4" to it.........however far past the riser mark that the mark on the arrow travels is indicitive of the true draw length of the bow. Each bow was drawn with a release/string loop which provides equal pressure and a direct line behind the nock itself.
Here's what I got drawing hard into the stop peg/wall.And these are 100% honest findings.....if I got way over I would tell you.
2004 BowTech Pro40 Freedom Cam. Measured in at 29 15/16" (I had moved the draw stop peg just a tad to shorten my valley and let-off for 3D shooting by one line), so I moved the peg back into specs for 30"/80%let-off , remeasured and it was absolutely right dead on the 2 marks.....perfectly in line for a true 30" draw length.
2004 BowTech Liberty: Measured in at HAIR over 30 1/4" for an overstatement of a 1/4".......to be fair on this bow, it probably has about 800-1000 shots on it now with no string adjustment so I may be looking at a bit of string creep. If I remember correctly I measured it out at 30 1/8" out of the box.
This is at 30" and 80% let off specs.
I encourage EVERYONE to measure there bows........you might just be shocked at what you find.[:-]

Not as absolutely dead on accurate as a machine can do, but you can get pretty darn close, and it's a heck of a lot better than just saying "I know my bow is 30""
Any Mathews and Hoyt guys want to be guinea pigs and be HONEST about what you find?