Bingo, there must be something wrong with me, your answer didn't send me to sleep
I think I understand the differences now. Because the apical meristem does not terminate anually the levels of the hormone are too high all year round for new growth points to start.
Am I right in understanding that when the apical meristem is damaged that is when you are likely to get basil keikis (because levels of the hormone have dropped).
I remember reading here that people felt that basil keikis tended to occur when the plant seemed to sence it was in trouble and likely to die. If I have understood you correctly this could be because levels of the hormone have dropped because something is wrong with the apical meristem (not necessarily visibly damaged, but not healthy).
I hope I've understood correctly, this forum is great