The size is smaller. A friend had a rebuild and had to do it over again because of this. As my guru says, measure everything, twice. And if you have work done by someone else, be sure they and you know and agree on the measurements. Then check his work. This is not a slam on the machinists, who do amazing work and in my next life I want to be one. It is just that stuff happens. Good for you that you caught it early on. Many do not and we hear about the problems here.
BTW, 1 or 2.K is not a silly difference. If you are going with babbitt, give your babbitt guy the crank so he knows the dimensions and be sure he can bore to match. If you are going with inserts, give the crank to the machinist and make sure he knows the dimensions and has insert to match. Then measure it all over again when finished and you are installing it.