I was looking through the tmax datasheet today and noticed they recommend rating the film at 400 for all their developers listed except when using HC110, they recommend rating at 320. This, despite that most people say HC110 is equivalent to D76 in most respects. I haven't heard of HC110 being a speed decreasing developer. Is this specific to TMY?
If you look at the characteristic curves for the various Kodak films in the Kodak data sheets, you will most likely observe that HC-110 dil B builds contrast as much or more than any of the other combinations. For those other films, there isn't seen to be a need to increase exposure and reduce development to take this into account. I expect though that TMY's ability to record very high highlight exposure, with unusually high contrast in those highlights, causes Kodak to recommend a bit more exposure and a bit less development with TMY than with other films. It is still an ISO 400 film - Kodak is just stating that optimum results are obtained at an EI of 320.
People on APUG (and elsewhere) always seem to focus on shadow detail when considering how to rate film. Kodak's recommendations also take into account highlight rendition.
It is for similar reasons that Kodak recommends exactly the same development time for TMY exposed at 800 as TMY exposed at 400.