I'm going to take a wild shot in the dark and guess that the bore on the flash hider is larger than .312 or so. I'd be more worried about the thread in the fh not being straight/true to the exit hole, than I would be concerned about the looseness of die cut/tapped threads. That said, class 3 threads, which by some crazy chance you might have on your barrel, are cut for about .001 allowance (there is only one class of internal thread, which the tap will give). So anywhere from spinning 3 or 4 turns with a light spin to needing a wrench to turn it on will probably be sufficient for your purposes. You spin the flash hider on til it bottoms out, so it will tighten up nicely. If you wanted it to index a certain way, you can use shims, a peel washer or a lead crush washer to get it where you want.
That said, If you notice some burrs, galling, or rubbing on the external threads on your barrel, a tri square needle file is really all you need to clean it up. Running a die over slightly out of spec threads (that still work in their current state)just might be a recipe for disaster.