I just converted .277" on the pocket calculator, which is the nominal size, I have no bullets here which I can actually measure due to the stupidity of the expanding projectile nonsense.
In line with our American friends theory the bullet should be 0.001" larger than groove size however as Ken Waters noted in his Pet Loads series that many .270 Winchester barrels are actually cut in the groove to 0.278" or larger and all his bullets measured 0.277" or LESS.
When I have measured bullets with a micrometer it was often noticed that many are in fact undersized in comparison to their claimed size. I have a feeling that with metal patched or
jacketed if you like 
that a bullet being several thousandths under size is not a problem. Cast lead is another matter entirely.