Marklobo:
Cleaning up of the OD and reducting the OD is not a problem if you have done the B31.3 calculations on the final OD (Wall Thickness)to the be sure that the pipe, per code, can still hold the pressure. Normally cyclic considerations would have to be made as balu1 says.
Little consideration is given to the OD imperfections, nicks or guouges in B31.3. If the final finish is near the original manufacturers finish there is no problem. Surface texture cannot add to the strength, this is a function of the material strength, it can only take away by causing stress concentrations. The allowable stress values are conservative allowing for imperfections and surface damage which happens to most all pipe during handling and fabrication.
The pipe will still be "compliant", I assume by this you mean it will meet the requirements of B31.3, if the allowable stress per Table A-1 is not exceeded per the B31.3 pressure calculation for the final wall thickness, given material and temperture.
You say the wall thickness is 1/32 under normal. The manufacturing tollerance is +- 12.5% so you still may be normal depending on the original manfacturing dimensions. The nominal wall thickness is used for the B31.3 calculations unlss you are dealing with a custom made pipe and are taken into consideration by use of a low allowable stress.