That would certainly account for 'undersize' bolt heads but not 'oversize' (outside of the expected) bolt heads.
What Size Should The Bolt Heads Be ?
It seems to be generally accepted that No4 / No5 bolt heads should fall in the following range :
Size 0 = 0.620” – 0.625”
Size 1 = 0.625” – 0.630”
Size 2 = 0.630” – 0.635”
Size 3 = 0.635” – 0.640”
Whilst I don’t question that this information is printed somewhere, I have not been able to find the original source, the information I have found does not actually state the ‘starting’ dimension, only that the sizes are incrementally larger :
a) From “Parts Identification List Rifle No4 Mk1 and Mk1*” dated 1945
Bolt head 0 part number BB8584
Bolt head 1 part number BB8585
Bolt head 2 part number BB8586
Bolt head 3 part number BB8587
“Number 0 to 3 increase in length by increments of 0.003 inch”
b) From CanadianNational Defence Manual “First Line Maintenance Instructions Rifle No4, all marks” dated 28th June 2002
Bolt head size 0 NSN = 1005-21-103-1143
Bolt head size 1 NSN = 1005-21-103-1144
Bolt head size 2 NSN = 1005-21-103-1145
Bolt head size 3 NSN = 1005-21-103-1146
“…….. the sizes being progressively larger in increments of 0.08mm (0.003”)
What I cannot find in any document is the 'starting size' of the #0 bolt head such that the 0.003" incremental increase per number can be referenced.