If you bore your 0.381 hole before tapping it the barrel of the tap acts as a pilot for the tap, making it easy to have your threads concentric with the bore.
I'm not crazy about those .303 minor modified 3/8 10.
Too many bastards already.
I wish all 3/8 screws would stick with 5/16 minor.
.381 barrel size makes sense. If it were .375, what happen if you had to chuck up on that barrel for some work like milling glue channel ?
You'd scratch the threads ( potentially ).
If you bore your 0.381 hole before tapping it the barrel of the tap acts as a pilot for the tap, making it easy to have your threads concentric with the bore.
The other thing you need to consider is that the pins are quite long and your tapped hole is at the bottom of a 2.5in hole. So in order to use a standard tap to thread that hole you need the clearance on the pilot dia. So unless you are using speacial extra long taps which although fairly common I still rather be able to use common standard length taps. I do have an extra long tap I use for weight bolts but would rather only use it for that task so it will stay sharp as long as possible. So making my pins with the 0.381 barrel works for me.Think .390"
I considered all that and ultimately decided it was not necessary to bore the hole for the barrel which makes life much simpler. That is of course if your pin matches the tools out there. Which .381" does not. I bought a 25/64 stubby 3 flute carbide bit and realized that I could drill a hole and then take the bit out of the chuck, turn it around and it fit snugly in the hole and ran without runout facing the opposite direction. So I figured if the pin barrel was the same size it would run true and fit snug too. I figured right on that one. Now it takes about a minute from start to pin ready to glue with no measuring of anything.
This was only possible when I bought a real lathe. Could not accomplish this on a taig using the same drill bit.
JC
The other thing you need to consider is that the pins are quite long and your tapped hole is at the bottom of a 2.5in hole. So in order to use a standard tap to thread that hole you need the clearance on the pilot dia. So unless you are using speacial extra long taps which although fairly common I still rather be able to use common standard length taps. I do have an extra long tap I use for weight bolts but would rather only use it for that task so it will stay sharp as long as possible. So making my pins with the 0.381 barrel works for me.