I've heard it as well, and the only reason I can think of is that they aren't going to be as big as their future sisters would be at weaning time, but if they're competing in size with the rest of the herd anyhow, then I think they're good... I have one like that this year, she'll be about 575ish by the fall I think, but is nicely built..., meanwhile I know one that my old man will force me to keep is one that'll be 750 in the fall, but when she grows up will probably have 2 of the following 3 problems; attitude problems, bad hooves, and most likely a bad udder (she's already got an udder at 2 months)
I also think heifers should be kept with the cows and all animals treated equally, at least until they prove themselves for your conditions... so during the summer, they all have to fend for themselves, however, once I decide on which calves I keep, I will feed them as much as they want... I don't feed smaller calves more with the hope that they will catch up though and look good by decision time.