Considering the M16A1 and M14 barrels are only 0.585" my "guess" is you'll be OK for .22LR.
I still recommend only the 2" area under the sight be 0.625" and the area forward of that point cut to 0.600 (or so). The M16 front sight tower has to be hammered in place. No point in hammering it any farther than necessary.
Some robust set screws to hold it place will allow it to be canted one way or the other to zero it. The pin hole can be threaded to allow this.