Just checked mine
Tapped holes are 3/8 16, no question on that!
The non tapped holes measure 0.355
So, in the case of mine, they were not drilled 5/16 and just not tapped.
Those non tapped holes might be for a metric size though.
Any time I have used the blocks as a fixture, I have used 5/16 bolts in the through holes, but she,s a pretty sloppy fit. Usually if I need them nailed down on the mill table, with T-nuts under them.
Sure would be nice if they were tapped 3/8, with 3/8 through holes. They would be alot more usefull.
If the end user wanted to turn down bolts 0.020 to fit through the holes, I guess its doable. But whats the chances of your turned down bolts being proper length? Then the bolts would be a loose fit regardless.