Eric,
Can you elaborate on why you believe Jerry's figuring isn't correct? It looks right to me.
The breech plug threads are currently 17/32" long. Removing 1/32", will make it 1/2" long.
The barrel breech threads are currently 18/32" or 9/16" deep. Removing 1/16" from the barrel makes the breech depth 1/2".
The barrel will have to be set back 1/16" to contact the stock.
-Ron