The FAA doesn't assure the same path on the LOC procedure as they do on the ILS procedure.
No wonder the world is still trying to get over Dive and Drive. Approach charts like that, in 2011, with no help at all in flying past that limiting step with some semblance of a stable sink rate/approach are not doing anybody any favours.
Out of interest, Aterpster, how would you suggest someone fly that LOC approach without VNAV?