OK, I dug out my Hornady 4th edition manual. It lists the 129 grain Hornady bullet with cannalure for the following cartridges: 6.5 Jap, 6.5 Carcano, 6.5X54 M/S, 6.5X55 Swede, 6.5X57, 6.5 Rem Mag, and 264 Win Mag. The cannalure lines up with only one of the cases for recommended COL, the 6.5X57. I think Hornady designed this bullet specifically for the 6.5X57. Who knows why? Personally, I don't use bullets with cannalures because they never seem to be where I need them. Besides, I never roll crimp rifle cases anyway.
Just because the cannalure is in the wrong place doesn't mean you can't use this bullet in any of the above cartridges. They may look funny but I doubt it will have much impact on accuracy. Mostly, it's annoying.