Reaming allowance for machine reamers depends on the size of the reamer, hence the use of a percentage of the tool's diameter, but as a rule of thumb, I generally use about 1/64" for reamers around 1/4" and proportionally more for larger reamers; knowing that large drills may cut oversize, I would make an extra allowance to make up for that; if a machine reamer has a large chamfer on the end (the only feature that does the cutting), it will take a larger "bite" than a new reamer with a minimal chamfer without problems.