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I think there may be two seperate conversations going on...
I had thought that it was showing all of Arnett's backlinks. For a PR3 or lower it doesn't ever give
showing 1-x of 2x
It will say
Your search - link:http://www.domain.com/ - did not match any documents.
So in Arnett's situation it is probably showing him almost all of the backlinks.
Except for what it consider "similar".
Keep in mind, Alltheweb has only a small, small fraction of the total search volume of Google.
So they amount of 'system resources' they need to run their entire operation is probably miniscule, by comparison.
Since nobody (relatively speaking...) is searching there, it consumes 'hardly any' resources, imho. :)