I don't think that you're making it up.
The fuel is considered "unusable" because of the tank design. Manufacturers designate some of the fuel "unusable" because that last bit of fuel cannot be realiably drawn uninterrupted from the tank in all flight regimes, therefore cannot be safely used for flight. There is even a FAR relating to "unusable fuel"; FAR Part 23.959 (also in 25.959 for transport aircraft), which reads as follows:
Nothing in there about picking up contaminants, sediment, or water. The only criteria is that the tank must be able to furnish an uninterrupted supply of fuel. Unusable fuel is the extra fuel required to maintain an adequate level to accomplish that mission. If the fuel pickup could become unported by normal maneuvering, additional fuel is designated unusable to ensure a consistent fuel supply to the engine.
Fuel line pickups, when fully submerged, will draw fuel from all around themselves relatively equally. They will pull fuel from above, below, and to both sides, and will be constantly using fuel from the "unusable" portion of the tank all of the time. Using all the available fuel in the tank is no more likely to pick up sediment than at any other time during normal operation.