GeneO,
Most calibration standards like ANSI Z-540 handle calibration intervals based on the calibration history of the gage. In other words, if, over the last five years (or whatever interval you want), there have not been any instances of a thread gage coming back 'Out of Tolerance', you have the justification to increase the interval. Contarily, if 10% of the thread gages are coming back out of tolerance then the interval should be shortened to increase the reliability.
At our plant we use 95% acceptance to justify extending an interval and 90% acceptance to mandate shortening an interval.
JR97