Th answer to Clevtrev's enquiry is that this does not apply to steel brake plates which are held in place with thin nuts. It would not do any harm, but as he points out, a half inch hole on a half inch spindle is not going to move much. However, electron plates, or any of the later aluminium replicas, have, or should have central holes not only larger than half an inch but also larger than the outer diameter of the hollow axle. These go over the outside of the hollow axle and the oversized hole is to allow exactly this kind of alignment. It is vital to do this centralising before the spindle is tightened. I suspect Clev knows this but is being his usual stimulating self.