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.oo7?
Seems pretty good for handgun ammo.
Your brass, and, or bullets are probably out that much.
You may want to add tension to your shell plate, if it is loose and causing issues.
Thats acceptable yes. If you want to tighten it up a bit, you can order the toolhead clamp kit from unique tek. It basically locks the toolhead in place on a 550b and stops it from wiggling around. I put this kit on mine and it tightened up the COAL for my finished rounds.
I'm loading some 9mm to 1.135 and I get mostly between 1.134 and 1.136 with a few up to 1.140. I don't worry about a few thousandths of an inch because the bullet component probably has a tolerance of a few thou, as does the case I'm sure. My callipers probably have a small tolerance as well and then there is operator tolerance/error in using the measuring tools.