In general, a slightly loose thread is better than a tight one, however what most people think of as tight or loose has to do with the minor and major diameter, and not the pitch diameter, which is what actually determines thread fit.
Lets say your working on a 5/8x24tpi thread. Common sense would tell you that your major diameter would be 5/8 or .625? right? Actually the fit for a class 2a thread calls for a major diameter of .6238 to .6166. or 7 thousandths difference.
however your pitch diameter, or the measurement of a datum line on the v of the threads, is .5976 to .5927 is 5 thousandths difference. This is measured with a thread mic or wires.
Now the reason that pitch diameter is more important than major diameter is that threads are self centering, as you draw the thread up, the v's of the thread push against each other and center up the parts. However if your major diameter is too large the threads can not center up as they are blocked by the crest of the thread . Now I'm not saying that having a barrel flopping around on the receiver is desirable, but I find it is better to give your threads some room to center up, and also prevents thread seizure and galling.
I think this explains why the loosely threaded barrels were able to still shoot very well.