I just released a dist in the last hour, https://metacpan.org/release/ETHER/Test-LWP-UserAgent-0.007. This is now identified under "Latest Release" on my author page, http://metacpan.org/author/ETHER (with the correct version, 0.007). However, the destination of this link is just https://metacpan.org/release/Test-LWP-UserAgent - which currently is still the older 0.005 release. This link should use the versioned form, as it is referring to a specific release, not just "the latest indexed version of this distribution".
Obviously this difference is only significant for the first few hours after a release, while things are still being updated in the background, however the author page is a natural place to go to find new releases, and I find myself hacking URLs manually quite often in order to get to a new release of something.
I think what you are referring to is a caching issue. A full reload should've brought up the 0.007 version. If it shows up on your author page that means that it is already flagged as latest.