The scoring system has been changed several times since 1995 and I have no idea how the current system compares to the pre-1995 system or the recentered test given for some years afterward.
Many, including myself, suspect that one of the motivations for the recentering was to give colleges cover for their admissions decisions. It is pretty hard to turn down students who get 1600s when only 7 or 8 students a year do so. It is easier to "shape" a class without provoking criticism when a large percentage of students score 1500+.
Lopping off the top of the distribution looks to me like a recognition that pre-recentering scores in the top 100 points or so were essentially measuring the luck of top-performing students on which questions they drew and how well their educated guesses landed.
It only seems like a lot because millions take the test.
Guess maybe it’s my IQ holding me back...