IMO .820 is a safer number but whether you choose .820 or .840 just be aware that we have seen instances where new F-Body 3800 flywheels have been machined and ended upbeing worthless due to metal porosity.
All flywheels at this point appear to be made in Communist China from low cost material. Most all steel in China is melted down old reformed auto steel. That steel is very high in impurities and as a result the material can be very porous. Some Chinese flywheel brands do not exhibit this condition while other's prove to be pure garbage. Point is ask around on what brand to purchase before you decide to machine it down. One you machine it you own it.
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" THE BLACK PARALYZER" -87GT 3800SC Series III engine, custom ZZP /Frozen Boost Intercooler setup, 3.4" Pulley, Powerlog manifold, Northstar TB, LS1 MAF, 3" Flotech Afterburner Exhaust, Autolite 104's, MSD wires, Custom CAI, 4T65eHD w. custom axles, HP Tuners VCM Suite.
"THE COLUSSUS"
87GT - ALL OUT 3.4L Turbocharged engine, Garrett Hybrid Turbo, MSD ign., modified TH125H
" ON THE LOOSE WITHOUT THE JUICE "