340 Ultrasonic Wall Measurement Sanity Check

I assume you have a probe with a radius on the face then? The one that came with mine is flat and about 10mm in diameter and was probably at the limit of being able to get a good reading with the 340s bore. If I measure a flat to flat and check it with a micrometer, it's usually within .010.
What probe did you upgrade to?
The radius isn't the critical part. It's the diameter and ferquency. I'd say a .010" variance is acceptable for something that doesn't cost a grand and up. I have a tic over 400 in mine including the extra probe. I cannot remember the diameter but it was specifically for cast iron. I think it's either 5/8" or 3/4". It's significantly larger than the probe that came with it.