I can only answer from my limited experience, and only from using one make of laminator, although I have used print that has been laminated by others.
It is not unusual for the laminate to run off a few mil over 5m, I have done up to 20m with less than 20mm run off, I think it is down to the initial set up by the operator as to the amount of run off you get.
I always leave a 500mm gap between prints, over 4m, so if the laminator needs re-aligning the roll can be cut easily.
To align perfectly would be quite some task, even on top end machines.
for a start the rolls would need to be perfectly wound, which they seldom are.
Peter
Peter