Yes, I too have been seeing the stored Library Sims thumbs also regenerating more than they should, seeing as they should, as you say, have their own Tray thumbnails separate from the localthumdcache file.
I wonder if this goes way back to a patch-fix-with-patch-glitch from about two years ago? If you remember back then, the thumbnails for Sixam aliens got messed up, so that all aliens were being depicted in their human disguise in all their thumbs. When Maxis got round to fixing this, reverting back to their true Sixam alien appearance in thumbs, the fix it came with a (supposedly) unintentional reduction it image size. In all family thumbs thereafter - not just aliens - the sims were smaller, the whole family further back in the picture. Typical fixes, doing something extra they shouldn't.
Only recently, when Maxis advertising the new Framed Family Portrait object players get free if getting Death EP before a certain closing date, did the family thumbs in the framed object in the promotion pictures of the freebie items, look like it has gone back to being the larger images - or more precisely family closer to the camera again - seen prior to the Sixam thumbnail fix years ago.
And now that I'm on the subject, do the thumb images of those Framed Wall Decor objects, - the most recent freebie one and the old sims mobile promo one from four or five years ago that can be modded into the game - also get added to the localthumcache? You would think it will just use the family thumb already generated. But as a few reports now are saying many thumbs are being doubled or even tripled unnecessarily, then if that large family thumb is being duplicated for the Framed Wall Decor Portrait that's really going to bloat out the localthumbcache in everyone's game, even if they have a minimal amount of sims.
Whatever it all amounts to, it's clear that thumbnails are broken, glitched or being poorly implemented in more ways than one now. So Maxis really do need to do a refresh on the whole thumbnail generating, storing and saving systems. To say they are outdated in this decade old game is a gross understatement.