My understanding was that LAA indicated a bore wall thickness at the top end of the range such that it was capable of being bored to 83.5 mm for 1600 cc class racing engines. With modern ultrasonic measurement and offset boring a high percentage of blocks are capable of this, but back in the day with limited wall thickness measurement by calipers and standard boring techniques with the bores location based on the block reference points rather than the actual bore casting outside diameter location much fewer blocks were judged capable of this, thus the reserving of LAA blocks for the racing program
If an LAA block ended up in a standard Elan originally I would have expected it to to be originally at the standard 82.5 mm bore at it got there just because the race program had all the blocks they needed. What bore its at now would depend on its rebuild history but by now I would have expected it to have had at least 1 re-bore if not more so it may be at 83.5 mm by now.
If the engine was not original to the car but installed later then a LAA block would likely have been in a race engine at some time and probably bored to 83.5 mm from new.
I guess if the race program had too many blocks finish bored to 83.5 mm and the road car factory was short of blocks for any reason then some race blocks bored to 83.5 with LAA marking could have ended up in a road car from new.
I am sure using 83.5 mm LAA blocks was one of the techniques that Lotus used to get such good performance out of its demonstrator cars
cheers
Rohan