Yup. 3.910 would be the factory unworn bore and 3.912 would be the factory maximum before you need to bore it. So, if it's 3.9113, that's still below maximum spec. Although, not by a whole lot.
Now, I read that as the factory bore being between 3.910 and 3.912 (factory tolerance) with max .005 wear before a re-bore is necessary. That would make 3.917 the max O/S before the re-bore is required.