How NTFS Works (specific example relating to NTFS Deny):
http://207.46.16.252/en-us/magazine/2005.11.howitworksntfs.aspx
I have no official documentation stating that overriding Deny entries is normal behavior, but in practice when you have Administrator (God rights) to the physical box, that trumps any NTFS ACEs that are set.
The assumption is that people apart of the Administrators group work in IT and the rest of the users are in the local Users group.