Kootk, it has to do with the stiffness of the brace required to really be "non-sway". Pcr/Peuler approaches the k=0.7 line asymptotically, if you assume the case of a fixed base-pinned top condition, but really takes a while to "get there". To really have a k of 0.7, say, you have to have a truly infinitely stiff base, and a very, very stiff system bracing the top of the (pinned) column. It's not generally practical to make the system as stiff as it would have to be for both of those things to be true.
The same effect happens in the alignment chart (on the non-sway side). There, you can account for the actual stiffness/restraint that is supplied at the top and bottom of the member, but (and we're reaching back in my memory here, which hurts a little) when you add the actual displacement that happens (since nothing is truly zero-sway) then the true k value goes up pretty quick. Luckily 1.0 is a nice safe assumption for a wall (pinned top and base; any restraint you do have doesn't actually hurt) and the brace stiffness required is achievable.
As for where 4t shows up in ACI, I don't recall if it does or if that's a rule of thumb I've just always used.