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Well yes, or properly that the crankshaft has been ground down by that amount.I see 050 but does it mean oversize bearing??
I think you're getting confused with Metric and Imperial, They look to be Perkins Genuine parts and I can't see them making something not fit for purpose.On another site an engine expert said
0.030 should be max for grinding,any
More won't leave enough depth hard
Service causing excessive wear
Now all we need is to find out when Perkins went metric, as these seem to be genuine parts. Twenty thou makes more sense, but there is not enough space between the 0 and 5 for there to have been the decimal point.I think they're 0.50mm undersize,which is 0.020'' in old money as Netherfield's post suggests.