Challenger 1 and Challenger 2 hull protection is optimized for fighting from behind prepared positions, which hull down, which means glacis plate which is very well inclined, have Burlington or Dorchester armor, however more vertical lower front hull plate, is thin, made most likely from approx 100mm thick steel plate.
This is philosophy different than that of designers of M1 and Leopard 2, where lower front hull plate, that is more exposed, is made from thick composite armor, while less exposed, extremely inclined glacis plate, is made from steel approx 40-50mm thick, which is enough when we consider such inclination and exposure.
This is why Challenger 2's armor was perforated by RPG-29, however there was at least one similiar incident with M1, where RPG-29 hit lower front hull plate, and was not capable to perforate it.
You must remeber that British tanks, during Cold War, were mostly designed for defensive operations, and if possible to fight from behind obstacles or prepared fortified positions, where they could hide their hull.