This has nothing to do with the list mechanic. The rule stated in OPs post is a general rule for all mobs that are camped for a specific item. The rule is made in good faith and is not enforceable seeing as no one would know if you looted the gatorscale leggings or not (unless you are grouped that that is usually unlikely).
I did the AC camped for a few days on and off last month. If there was someone there that wanted the camp for XP, I made a deal with them that they could take all the crocs they wanted as long as they killed them in a timely fashion. I even helped finish them off when getting to low HP. But when the AC spawned, he was mine. I probably spent a total of 40 hours on and off at that camp before getting 1 pair of leggings. I see it unlikely that people are holding down the camp in one sitting for multiple drops.
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