David - I'm a little confused by your response. Do you mean that Photoscan may not model lens distortion properly?
PhotoScan models lens distortion properly, but it does not model lens distortion
exactly for most lenses. Look close enough and the there will be a small amount of residual distortion for most lenses after PhotoScan corrects for distortion. Usually the amount of residual distortion is inconsequential and doesn't affect the results for the intended purposes. The residual is likely to be smaller in magnitude than other sources of errors and uncertainties.
However, the lens distortion model in PhotoScan is pretty generic (and very well tested over multiple decades) and should be fine unless you have a particularly wacky lens (which I don't expect the D10 does).
The lens distortion model in PhotoScan should be fine. But the small differences between the actual lens distortion and the lens distortion model for each photo can add enough to be significant for some applications. With long, narrow objects where each photo used shows only a short section of the object I've had small magnitude, long wavelength distortions occur. Less overlap between photos tends to increase the amount of distortion.