Hi Tomi,
Both yes and no, I think. But again, you are the engineer
But here goes:
The fractions mentioned (like 1/16) are "nominal" which basically means that they are not the accurate sizes, but the are close to and what people use in everyday language. If you convert these nominal sizes, you will indeed find they are wrong.
The real, accurate sizes are mentioned in inches as well and if you convert those to metric, you'll find that they are spot on.
So, eg. what they call 1/16, they also say in real, actual size is 0.070 inch which will convert nicely to 1.78mm.
D.
Interesting ...
1/16 = 0.0625 and they take it to be 0.07 inch? Why not 0.06 inch?
I did not know that. Thanks!