It has been a while since I really delved into the depths of ADAMM :D, but IIRC it is because Overwrite is determined by the last write to the tape, while append is determined by the first write/overwrite to the tape. Since the backup set spans tapes, and since the second tape is/may be appendable, the overwrite on the first is Infinite until the second tape passes it's overwrite period
Again, this is from memory, but would explain it.