It is possible to tweak the beam positions by tilting the reflectors ever so slightly. I know because when I build multi emitter lights with the stock plastic lens, I have to be careful not to overtightenthe lens and push down on the outer edges of the reflectors too much. If I do, the stock lens takes on a slight dome shape and tips the reflectors away from each other and makes a big dim spot instead of a small bright one.
I am sure you could get them to exactly overlap, but that would only work for a fixed distance from the light. Just like there is a fixed focal point for any reflector, the point at which all the beams were perfectly focused would only be a specific point in space. The beam would be more misaligned as you moved closer or farther away. If you align the reflectors to correct the 1" of misalignment, at say 10 feet for example. As you move from the 0-10 feet, the misalignment will get less and less until it is perfectly aligned at exactly 10 feet. But as you move past 10 ft towards 20 ft, the misalignment will grow again until you have the 1" back again at 20 ft. And it will continue to grow the farther away you move from the focus point. But if all the reflectors are parallel to each other, that 1" misalignment is present along the full length of the beam. After just a few feet, it becomes invisible in the normal spread of the beam.