It's not quite this simple. The DOM you see in the inspector under polyfill represents the render tree. Content nodes are removed from the render tree in all cases.
In the normal queryable DOM (i.e. if you access DOM via JavaScript) you should see the content nodes there just fine. This should mirror the behavior of the native Shadow DOM. (The converse is that your distributed nodes will be sitting there inside their final projection target when looking at the DOM through inspector under polyfill, but only appear in their starting point in light-dom under native).
I believe the actual issue here is with polyfilling the CSS engine, which is a bit more subtle.
In any case, it's true this is worthy of documentation.
S