I don't know about this one...Bruce is quite right about original Parker wood being a little proud of the metal, but 1/16 in. is HUGE, and certainly not within limits of anything I've ever seen. Either the estimate/measurement is off, or there's something wrong. If it is measured to be truly 1/16th proud, I'd remove the stock and look to see if the head is split. As noted, some good pics would be a simple way to determine if it is normal.
Jim
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