Worked as a structures engineer at your biggest customer. Our cert office didn’t accept FEM on the structure. They wanted to see the calcs. Perfectly fine with using it to get loads tho.Not sure what your company makes but .028 and .030 is pretty liberal tolerances.
But as has been stated the trick to make good consistent parts is in tooling setup and sequence of operations. Inspections has to be made, but inspecting quality in is a bad idea.
I have 35 years in aircraft engine and gas turbine design, our tolerances are tighter and the FAA has accepted FEM analysis as long as I have been in the business. There is of course also actual engine tests.
The .028 and .030 reflected the size of the parts. True position on a tooling hole not used as a datum or coordinated fastening hole in a part measuring 10 feet x7 feet isn’t that loose. And like I said, tighter can be indicated but it had to be justified.