I did an MFT top using the Festool 20mm router bit last week and just measured the holes with a digital caliper and they came out to 20.10mm. The Parf dogs and SS bench dogs are 19.90mm and the QWAS rail dogs seem to be tapered a bit (19.80mm on the top and 19.86mm on the bottom). So if you take the difference, that works out to the holes being 0.20mm oversized.
Now I am using the cheap MDF from Home Depot, so maybe that could affect the hole size? Regardless, I find the Parf dogs, SS bench dogs, and QWAS rail dogs all fit rather nicely. I wouldn't call the fit sloppy. Is there a little bit of play? Yes, but it is ever so slight...almost not noticeable. I would rather have them easier to use than to be fighting with them to get them in and out of the holes.
How much is this really going to affect the accuracy of the cuts you make? My guess is fractions of a millimeter.