I backed out of this thread once I realized that you were dealing with a pre-war engine and my experience was with 8BA's. Hopefully, one of the early engine gurus will jump in here with the straight scoop, but I can tell you that the maximum clearances for an 8BA pump are .005", so the .006" is over spec, but probably usable. I have had problems with new aftermarket pumps, in my case, one from Speedway Motors, while another esteemed member has told of problems with the Mellings pumps.
The overall consensus is that you can't beat a genuine Ford unit. I believe a good upgrade for the earlier engines is a later 8BA pump with helical rather than straight cut gears. The problem is that they have an internal relief spring that opens at about 55 psi, which will peg the earlier gauges. The answer here is to run the stock relief spring in the stock location, which will be the final arbiter of maximum oil pressure.