Both ISIS and Octalink standards decided that 113mm spindles would give you a 47.5-48mm chainline. This was a touch longer than the "normal" 110mm spindle length for tapered cranksets, although there was some variability there between manufacturers where anywhere from 108 to 113, and even more in some cases, was necessary for this "normal" chainline.
Splined did away much of the variability hence you see so many bottom brackets in 113 and 118 spindle lengths only, to cover 47.5 and 50mm chainlines.
But as it turned out, when paired up with an ES70 bottom bracket, LX was too good a value. 1% less stiff than XT cranks and just a few grams heavier, it seems Shimano realized that they had to do something so LX wouldn't erode XT sales.
They dealt with it by recessing the splined interface a few millimeters deeper on each crank arm, necessitating a 121mm or 126mm spindle to provide the same chainline on an LX, as 113 and 118mm spindles were providing previously. They then only manufactured these longer length spindles in their "LX Level" ES51 and "Deore Level" ES30 series bottom brackets, but not in the lighter weight, better sealed, higher quality ES71 series bottom bracket. If you try to mate a current LX up to a 113 or 118 spindle, the chainline will sit in too far and the crank will probably bottom out on the frame before it's completely tightened.
So the 572 LX crank arms are equivalent in stiffness to 752 XT (last generation), and within a few grams of weight, and come with a more durable steel granny, but with the ES51 bottom bracket you've got to settle for a 50g weight penalty and a slightly lower bearing quality.
Nevertheless, not a bad deal, just not as good as it was originally.