Ronnie, I would be lying if I said I knew. In most worlds, with threads in the 12 to 20 tpi range, we will make the major diameter about .005 under the nominol size, for instance, if I was machining a 1.250 12 tpi bolt, I would machine the major diameter it to 1.245. I was assuming that if you measure a Savage, it will be 1.120, but by actual definition it is a 1.125
Since most threads are valued in even sizes, I assume that the Savage is in reality based on a industry standard 1 1/8 diameter, or 1.125. Sort of like saying a Remington is a "1 1/16 16tpi.
Of course, since wires measure the pitch diameter, this is all really a moot point.
I may be all wet on this, though...........jackie