It's not a thousandths of a kernal, it's a thousandths of a grain, the measurement of weight. I've never met anyone who actually cuts the kernals. Even +/- one whole kernal is unlikely to make a difference in ES/SD and I certainly can't shoot the difference.
If my targeted charge weight is 40.5 grains, my scale can read to 40.500...I usually just get it as close as possible to the middle, so 40.550. If the charge ends up weighing out to 40.570 it will make no real difference in that load.
I know! That was a joke. A 10th of a grain threshold is sufficient.