Greyghost did not answer your question correctly.....although I can see why somebody would think that.
You can actually see a very faint seam in the sycamore (I'm assuming sycamore) right at the 2:00 mark in the video. Maybe he meant that the longest point was recut and then inlaid with a veneered stack. No reason you can't do it like that. I guess someone would have to ask Dennis how he built it.
There is no seam, and they are not recut.
Edit: I know how he did it and am assuming Skins does also since Im pretty sure they talk.
I owned a beautiful Skip Weston it was one of the cues he displayed on his webpage. The milled hardwood veneers were stunning. What technique did he use on his cues?? I have always been curious about this, there was no seam at the tip of his veneers...A few thoughts: First, there is no margin for error on points or recuts, you get them right or start over. Veneers can serve as filler with some slight give to them to hide less than perfect fit between the major pieces. Also, veneers are usually made of sycamore, a very soft wood. This is probably immaterial as I think they usually end up completely saturated with glue anyway, still, something to think about. Veneers look good but they can hide tiny errors.
From a practical standpoint it probably doesn't matter in the least in a completed cue. Having been a micro-machinist working to dimensions that had to be gauged, they couldn't be measured with normal instruments, the recuts have more appeal to me.
While they can be a bit of a crutch, veneers don't have to be. Some of the best in the business use them. They could weaken a cue and dull the hit slightly, they don't weaken it to a point that matters and when soaked with glue may actually strengthen a cue.
Recuts for me, the builder matters more than if they use recuts or veneers though.