I've been looking through my newly acquired Shimano catalogues and found this info coding about M730 BB sizes
70-T-122.5, 68-T-122.5, 73-T-121.5, 68-T-127.5
I assume this means 'Shell width'-T-'Axle length'
So a 68mm shell would require either a 122.5 or a 127.5mm BB axle, that 5mm makes the difference between the 47.5mm chainline and the 50mm chain line
Basically:
68 shell + 122.5mm BB = 47.5mm chainline
68 shell + 127.5mm BB = 50mm chainline
Though I didn't know that you could get a 70mm BB shell :?