Malcolm,
1. I thought you were a different "MalcolmA"...sorry.
2. "Peaking" measurement is what's done on fire-tube / shell boilers (here in the UK). It measures the extent to which the longitudinal weld on the shell protrudes radially outwards from the surrounding shell. Over time, this measurement increases (it's measured with a simple gauge) due to cyclic operation.
Regards,
Brian