To understand OEM wheel patterns, one needs to understand and measure the 'bolt circle"
If an axle etc was spun and a line scribed between the stud hole centers it would measure 4.75"
The "bolt circle" is the diameter of the circle made thru the stud centers.
If one actually scribes the 5 on 4 3/4" wheel, the circle will measure exactly 4.75
Old timers look a the studs and see the imaginary circle the studs/holes form.
Typically they measure from the center of any stud to between the farthest 2 studs.
Not directly between the farthest 2 studs but allowing for the curvature of the circle.