In a mag fed rifle, I'd use more neck tension to prevent potential bullet setback in the mag, under recoil. As for clearance, I'd probably prefer a tad more but .003 should be sufficient. IME, you won't find more or less accuracy going from .003 to say .004 but you'll be working the brass less and no other downside to using .004, IMHO. Neck tension is another story if the bullets get pushed too deep in the case, bouncing to and fro with recoil. That can be dangerous. I'd use at least .003 neck tension and a bit of that is based on recoil of the cartridge. It might be fine in a light recoiling 223 or similar. Also, you may lose a little tension with firing and sizing over time. It might be fine at first and then your .002 tension might become .0015ish due to springback, in short order.
Generally, I say listen to your smith but those are both pretty iffy numbers in a hunting rig, especially if mag fed.