What they said.
The term itself though, actually comes from the act of matching the (often imprecise) production engine to the original specifications on the engineering drawings, or "blueprints" as originally designed.
A production engine might have imperfections in the castings, forgings, machined parts and whatever. With all the things they mentioned, like weight for balance, squared to the crankshaft centerline for everything, and all that.
It's just the concept of matching the engine to the original blueprints.
Paul