Exiftool, like other EXIF readers such as the ones in Lightroom and Photos, does of course use a lookup table to provide a more useful lens descriptor than the bare lens ID, which (at least in the case of one of my lenses) is composed of eight pairs of 2-digit hexadecimal numbers. I happened to notice just now that exiftool and Lightroom provide different lens descriptors for my Tokina 100mm macro.
Incidentally, a sixteen-digit hexadecimal number is enough for 18,446,744,073,709,551,616, or about 18.4 quintillion, unique IDs. Tokina could have chosen a different ID; the reason they chose the one for the Nikon 20-35mm might have been in order to take advantage of the distortion correction profile that Nikon cameras have for the Nikkor—if, that is, the two lenses have similar geometric distortion.