Great question, let's see if I can answer helpfully.
Take the first block and cut the female dovetail as you describe. Let's say that the Y axis was moved +/- 10mm either side of the centreline.
This will make a female dovetail with the two internal sharp corners 20mm bigger than the cutter diameter measured over its external sharp corners.
Are you assuming that the Y offset for the male part will be +/- ( 10mm + the cutter diameter )?
Please follow this link to see the difference when using arbitary size pins compared to the calculated size pins.
drive.google.com