Kevin,
That summarization is mostly correct, but the notion that pressure can't make penetration deeper would only apply if wood was completely dense like steel and if the liquid it was in was to remain in the same state. Wood, however has voids,tubercles and other ways that air and vapors can be moved through it. The liquid resin is uncompressible, so it drives into the wood harder than the trapped air … which will become much smaller in volume under high pressure, and move into deeper the wood fibers or dissolve in the liquid. Since the resin is catalyzing under the pressure, any pressurized trapped air or other gasses will remain trapped, thus making the pressurized wood somewhat more dense than wood done only by vacuum because more resin was in the wood. Upon the resin being catalyzed and the subsequent release of the pressure, some of the pressurized gasses will escape through open pores, tubercles, and directly through the wood. The rest will remain trapped permanently where it is in the resin matrix.
The additional resin penetration compared to vacuum only isn't a night and day thing, but it is one reason why pressurized curing is better.