Horses "don't vet out" alot and somethines it's for something chronic that may either flare up at the wrong time or something that doesn't bother the horse but that "might hurt him" down the road.
Other times they show some soreness or tenderness shortly after a big race (when potential buyers are sending in vets) and it dissipates after a few extra days.
Remember too that vets tend to want to err on the side of caution. NO VET can certify that a horse is in perfect condition or that a pre-existing condition won't cause a problem later. No vet wants to say "yes, he's suitably sound for your purposes" and have the horse go wrong a week later can happen. If they see anything questionable they like to make a big deal of it. (Most of my experience in this area is with show horses not race horses but the idea is the same. The show horses in most cases are asked to show alot and perform at a high level.)
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RIP Monroe.
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