You will probably get allot of debate on this me personally if I buying jacketed bullets for my pistols,which are a 38 & 32 Cal. I just buy the standard bullet for that caliber,ie Hornady,Speer etc. For cast bullets I generally shoot bullets that are .001 to .002 over bore dia.
I shoot the laser cast bullet in my 38/357 there about .001 over sized and the accuracy is excellent. Just as a side not my Blackhawk is a convertible it has a 9mm cylinder which the bullet dia. on the 9mm is .356,it also shoot very accurately with jacketed bullets why bullets will budge when fired under pressure allowing them to contact the land and impart the proper twist.
.003 seem just a little bit oversize in your buddies bullets but as long as he doesn't see any pressure sign and his case life is normal I guess he is fine. I curious as to why he decided to use that particular size bullet.