I tried again with a new user just to be 100% sure and my behavior is different and I think the part you are missing is that the article that a user creates is automatically assigned to an ACL group that the user, author of the article, is NOT allowed to see.
Authors only belong to "Registered" but the content they create can only be seen with a custom "Subscriber" level. In my setup, no matter how the list is created, the registered users never see even the title to their content, let alone any link to view or form. It's as if the piece of content did not exist. And this is the expected behavior in my opinion given the way the ACL work in Joomla.