Your master socket does not go to the FTTC cabinet. It goes direct to the PCP. From there the signal in either direction goes to the DSLAM in the FTTC cabinet then returns, with the VDSL2 either added (downstream from your point of view) or removed (upstream from your point of view), depending on direction of signal.
Your FTTC distance is the distance to the PCP (P) plus the distance from that to the FTTC (D) cabinet. You said distance to the FTTC cabinet plus the distance to the PCP. You said:-
My FTTC was approx 242m away but FTTC Cabinet to PSTN cabinet are within 50m to make it 292m away
Take two simple cases using your 242m to the FTTC cabinet. I'll use 50m as the distance between the two cabinets but the actual value doesn't matter:-
1) The PCP is between you and the FTTC cabinet, in a straight line. FTTC distance is the distance to the FTTC cab, 242m.
2) The FTTC cabinet is between you and the PCP in a straight line, which is sort of what you described. FTTC distance is the distance to the PCP (242 + 50 = 292 as you calculated) plus another 50m for the link between the two. 342m. The signal from you has to go to the PCP then to the FTTC then back to the PCP.
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