It's not the easiest thing to explain, but I'll try.
Inboarding the front wheels will only hurt turning radius if the angle the front wheels can achieve is affected because they now interfere with the frame. Turning radius is technically hurt by a wider front axle since it is "officially" measured from the center of the outer front wheel while turning. But this is negligible for what we're talking about. Bottom line - A vehicle with a wide front with the wheels turned at 45deg will turn at the same arc as a vehicle with a slightly narrower front axle with the wheels at 45deg.
However...
Keep the front wheels at 45deg and now start narrowing the rear axle. The inside rear wheel is considered the 'pivot wheel'. The closer the pivot wheel is to centerline of the vehicle, the closer the centerline of the vehicle is to center of the turning circle. Voila, reduced turning radius. This is true in any circumstance until you reach the point where the pivot wheel goes stationary or starts to go backwards. At that point the vehicle is truly turning on itself and axle width is irrelevant. (Perhaps the infinite wheel turning thing was a bad example in my previous post)
On K5s, the short wheelbase is the biggest advantage to turning radius. However the shorter the wheelbase, the sharper the difference you get by playing with axle widths. That's one reason why a matching-width axle on the rear will have a noticeable difference in turning radius.
I'm an engineer, and I don't mean that in a "trust me, I'm an engineer" kind of way. I just overthink mundane stuff like this until it makes sense to me. I used to see everybody post that it helps turning radius, but nobody would explain why. I finally drew it all out in CAD one night until I understood it. I may not be explaining it well, and who knows, I could be wrong. But I think it's worth understanding if for no other reason than knowing what effect modifications will have...so continue to bring on the questions.