AFAIK there is no 1966 MB (medium bead). But, the identification of SB MB and LB is from the 1965 run.
1965 was the first year of the new more mature Queen portrait. It started with small beads (SB). The 1965 MB was the intermediate single-die test of the modified portrait to help the dies last longer that was then employed as the LB the rest of the year. And the LB was used in the entire 1966 business strike production.
The 1966 SB is a mule of the PL production, and was rejected. But, somehow a few hundred leaked out. Some call it a backdoor job.