I picked up some 3/8" T-Nuts at my local Home Depot to mount to the upper-sides of my cabinet. I had a 3/8 drill bit in a set I bought a while back, and when testing on a scrap peice of MDF I found that the 3/8" is the width of the thread on the T-Nut, not the width of the shaft itself.
That being said, what bit size will provide the tightest fit? 7/16" or 3/4"? I'd hate to run out and grab a 7/16" only to find it's still too narrow.
...actually come to think of it, do they even sell drill bits that large? The 3/8" bit I have seemed to just fit into the drill.
- FA