vic, try to only use charts that give % engagement of threads. Beware of internet ones, try to use known to be reputable sources. Some model engineering suppliers use charts giving tight engagements. Cynically, if you bust it as a result, you will need to buy another – good for trade! Even my trusty ref Book "Screw threads and twist drills", Ian Bradley, 4th ed., gives 3.7mm. Appendix says metric drills are recommended in charts at 75%.Hmm…..Ithink that I would do the maths to check it. Andrew says above, depending on material with which I agree but also what it is, e.g., a casting or perhaps even a block of say brass upon which a lot of work has already been done, you would want to take more care than if it was a length of say steel for an unimportant job.
Basically, 60 -70 or even 75% try on scrap identical material if possible.
John.