You're not wrong but would still indicate high leakdown on both the middle cylinders... plus if you have all the plugs out at the time it would come out the plug hole.
I don't trust some leakdown testers, I bought one that only pressurizes the cylinders to like 10psi, I don't think that's high enough to test everything... plus you're trusting whatever the gauges say... at work we have ones that just have two gauges so you can do the % yourself or just be lazy and air up to 100psi and see how far off the second gauge reads...