CMP-5's opinion is that the phase conductor for parallel sets is the sum of the areas of all of the conductors that are connected in parallel, so the EGC for a single set of parallel conductors may be larger than the ungrounded conductors in each raceway.
Ok, but now that I read 250.122 again it says: "but in no case shall
they be required to be larger than the circuit conductors supplying the equipment."
If circuit conductors means the sum of the areas, wouldn't "they" mean the sum of the areas of the grounding conductors? If that's the case, we are essentially back to the same thing: each ground wire doesn't have to be any larger than it's corresponding phase conductor.
If that's not what it means, and "they" means each individual grounding conductor, then each grounding conductor doesn't have to be larger than the sum of all the phase conductors. That would be useless exception that would never come into play, and it would be a waste of ink.
Using our example of 10 sets of 3/0 for a 2000 amp service, that would be saying each ground conductor doesn't have to be larger than 10* 3/0 which is 1678 KCM. When we only need a 250 KCM.
Using the other example, 24 sets of 600 KCM for a 4000 amp service, we basically need 10 sets for a 4000 ampacity. We have 24 sets, so we have (more or less) made the phase conductors 2.4 times as larger as they need to be - 24*600 = 14400 KCM. So the exception is saying our ground wires doesn't have to be larger than 14400 KCM, while the calculation basically gives a 500 KCM * 2.4 = 1200 KCM.
It doesn't take long to figure out the ground wire always starts smaller, and we increase it by the same amount as the phase conductors, there just isn't any way for the ground wire to get larger than the sum of the areas of all the conductors connected in parallel.
So it has to be one or the other: Either the ground wire doesn't have to be larger than any individual phase conductor, or we have an exception that might as well be deleted from the code.