This conversation has gone further than I had expected. Let's look at washers for what they are. A part to fit between a fastener and the base. Its' purpose is to distribute the forces of the bolt as it is stretched. And some other purposes such as keeping the bolt 'head' from rubbing on the base as it is rotated. The end result is that the bolt (fastener) is the primary element in a multipart assembly. As in the washer is designed around the bolt.
For 'hardware store' bolts, the grade of toughness run the gamut from Grade 0 (ungraded) to grade 3. Metric fasteners have a different system but essentially the same end result. For more precision(?) there is a grade 5 (3 tics) that will stand up to a higher torque. For hydraulic assemblies, there is a Grade 7 (5 tics). There are higher grades (at higher cost) for more critical applications such as aircraft.
When the 'head' of the fastener is 'upset' in mass production or left after turning in a one off shop, there is a radius. It is a well known fact that when machining a smaller dimension into a larger, that a sharp corner is a weaker point than a radiused corner. The same concept applies to the head of a fastener. When producing a Grade 3 fastener, the process uses the lowest cost materials, weaker by nature. Thus a larger radius. As the Grade number increases, so does the quality (and cost) of the stock. And the radius is decreased as the material is stronger. There are other factors such as corrosion and whether the washer may be intended as a 'captive' part.
The end result is that the lower the cost of a washer, the lower quality of material it is made from. Allowances for the internal dimension will be based on the material (Grade) of the fastener. At its' simplist, consider looking at the local home center (Lowe's, Home Depot, Menards) for a Grade 5 bolt. You will find the Grade 5 fastener in a cabinet off to the side. (at much higher cost) Then for a washer, one tends to grab one or a box from the ungraded area. (much lower cost) A washer is considered less a critical part than the fastener so cost is a large issue.
Working in the steel mills, with a dedicated 'bolt room', Grade 5 fasteners were the norm. As were the washers and nuts. A Grade 7 nut, for example, is larger than a Grade 5. For 3/8-16 threads, the nominal size wrench is 9/16. For a Grade 7, the size was 5/8. Washers fall into the same catagory, a Grade 5 has a larger bore than a Grade 7. Greater grades were used for hydraulic systems, with washers with correspondingly smaller bores. The metric fasteners had similar grades versus sizes, just different designations.
I tend toward babbling when I get on a technical subject. Please forgive the length of this post. But bear in mind, quality of materials, hence cost, has a large bearing on most any material, be it a fastener or an airplane.
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