The old time thinking was to have the bullet drop oversize, and then you size it to a diameter that works for you.
That was back when the Lyman sizing dies would shear the bullet down to size, not squeeze them like today's dies.
Very bad news!
Avoid any Lyman die that doesn't have a rubber sealing ring near the top.
You can't expect a store bought mould to drop its bullets at the stated diameter. Lee's standards are 2.5 thou over to 0.5 thou under. I've had RCBS and Lyman moulds throw bullets that were very oversize. I would size as little as possible, using the sizer/lube, mainly for lubing and seating gas checks.
It's fairly easy to get good performance with a quality mould, proper lube and seating and moderate loads. Bullet diameter isn't a big issue, unless it's too small.
Nowadays, powder coating has rewritten the rules about cast bullet shooting.