I would say your 4.6 block is not standard.
I just checked my bare 4.6 block that has standard liners (two slipped) and there is no lip at the bottom.
I also checked the 4.6 engine I am building out of a 4.0 block. It had top hat liners. The first obvious difference is that the top hat liners have thicker walls and as such to fit them - as well as the top hat machining the block has been machined to fit the larger outside diameter liner so there is a lip at the bottom at the sides of the block - however this goes down a good cm lower than the bottom of the liner - I guess if this machining did not go so far down it could be used to stop the lining slipping - but if you go to this trouble the Top Hatting is the way to go.
Has your engine actually been top hatted and what you can see is the machining for the thicker liner and your machinist has not taken the block machining as far down as was done on my block.
Certainly a standard block does not have the lip at the bottom of the liners - just held by the press fit.
Garry

