I have .050" (on the diameter) clearance (windage) for my 4" pvc pipe mortar (on left) the outside diameter of 4" pipe is 4.500" and bore diameter is 4.550".
It also shoots the 46oz juice cans (of 4.237" diameter) reasonably well (even filled with sand).
Range is a little less.
When firing plastic bottles (in my 16-20-24oz soda-pop bottle caliber mortar) I fill them with concrete. They work well for at least 2 shots, after that the plastic suffers.
Beer-can caliber mortars are funny. The super thin aluminum is often stripped off the concrete about 20 - 30' out of the tube.
The older cans (same as modern soup cans) had the rim to the outside of the can. They work well filled with water, sand or concrete.
I won't say anything about firing an empty propane tourch bottle. Probably wasn't a smart idea in the first place.
So, my conclusion is that extra windage doesn't hurt, it just limits the max range a little.