That's a pretty tall order, Rich. Not the explanation so much as fighting the flames post-facto...but I'll give it a shot.
Basically, the "Hybrid" design combines the best of both extremes in feed lip configurations...the full tapered, gradual/late release GI "Hardball" magazine and the parallel, timed, early/abrupt release of the "Wadcutter" magazine.
And the description of the function is a little confusing, because the tapered lips actually start releasing the cartridge earlier, and effect the final release a little later than the parallel lips o the wadcutter design.
The tapered lips also cause the cartrige to perform an interesting trick in allowing the rear to move up as the round moves forward, decreasing the angle of entry into the chamber.
But that's not the most important thing.
Because the rear is moving upward, the extractor picks it up while the bullet nose is entering the chamber, and while the rear end is still captive in the magazine, so the cartridge never gets the opportunity to escape full control from the time the slide hits it until it's chambered. By the time final release is accomplished, it's almost completely under the control of the extractor.
The hybrid design has a timed release point, much like the wadcutter design...but it comes a tick later and is less abrupt.
By the way..."Hybrid" is a term that I coined while I was corresponding with Check Mate, and they use it in their catalog...but it's not my design. Colt released it around the time that the Series 80 pistols appeared. Up until that point, their magazines were the GI Hardball types, likely leftovers from the post WW2 expected contract that never materialized. After that, all Colt's 7-round magazines were/are hybrids, and all their vendors...presently CMI...Metalform...and OKAY...are made to their specifications. Until recently, the 6-round Officer's Model magazines had hybrid lips, but I've also seen a few with wadcutter lips...so I don't know why the change came, or on whose suggestion. I suspect that money had something to do with it.
I consider the "Hybrid" 7-round magazines to be the best out there. I wish I had a dollar for every finicky Jammin' Jenny" that I've "fixed" by doing no more than handing the disgruntled owner a few of those magazines and having him try again...only to watch the look on his face as his feed/RTB issues disappear.