I've always worked on that theory Dusty.
The spring clearance is fine at that but carefully check the tyre against the inner and outer wheelhouse.
If I can't get a finger between the sidewall and wheelhouse I consider it too tight.
It's not that the tyre clearance is an issue, tyre growth, sidewall flex and under inflation won't usually exceed that amount but if you get debris off the road between the two it will likely damage the tyre
