Question, is this from a published study? If so, I’d love to have the reference for the source. If this indeed the case, it does make sense to me. SHBG is a protein that binds and protects T from liver metabolism. Unfortunately, it also binds and prevents it from crossing the blood-brain barrier, which is the main problem those of us with very high SHBG (e.g., 90-100 range).
Since SHBG protects T from liver metabolism, it would make sense that those with higher SHBG levels have higher TT at a given dose (or rate of production in naturals). However, that is why TT is a very misleading lab test in individuals with high SHBG. A much better indicator of health is free or bioavailable T. These tests are a better measure of functioning T within the body.