I don't think the drawings are incorrect – if for no other reason than so many of the locos have been built from them.
Inlet ports are 3/32, exhaust 1/4 with 3/32 bars giving a width across the inlet ports of 5/8"
The valve is 3/4" long so in mid travel overlaps the ports by 1/16" each side.
With a 9/64 throw eccentric this means the inlet ports open 5/64 out of 3/32 which is fairly normal as ports on LBSC's designs don't always open completely. There is no reason to suppose the extra 2mm or so will be needed – it still will not open the posts completely.