If someone can reliably make parts that are .000000000001 oversize, and they do, then I think they are purposely antagonistic because they should also be able to make parts that are in spec.
Once you start accepting parts that are .000000000001 out of spec, it's the first step to accepting parts that are .1 out.
I think what Evan was suggesting was that the meter only reported 2 places, leaving a +/-0.005 potential error in the measurement. Presumably anything from 12.95000000 to 13.049999999 is reported as 13.00 even. It leaves the question, is a part acceptable if the measurement is of sufficiently low quality. I'd say no, but those who are in the business of accepting parts can do as they please.
In any case, the promise made on behalf of 'Y14.5 is that values are not to be rounded and then compared to the limits, e.g. round(12.4) <> 12.