A different (and long) view
Christopher Schwarz
>I think you are probably done. A smoothing plane sole within .002" is dang good, especially if you were removing convexity, which is difficult to do.
After working with a lot of planes � good and bad; old and new � I think that sole flatness is an important characteristic. Sometimes too much is made of it (as evidenced by the other messages in this thread). But to downplay the flatness of the sole also has it pitfalls.
Here's my approach: There are four planes in my shop that I call upon to do really accurate work (thin shavings, controlled cuts etc.): the smoother, jointer, shoulder and block. With these four tools, I set them up carefully. If something isn't working right, I start by investigating the fit of the chipbreaker on the bench planes (usually the problem). Then I check the frog to ensure it's well-secured and true. Then I investigate the mouth. If all those are in good order, I turn my attention (reluctantly) to the sole.
If the sole is concave or convex, shooting an edge is frustrating. Smoothing with a messed-up sole (for me, that's one that's out by .006" in a high-tolerance tool) can result in you taking shavings in one place but not another. And if the sole is twisted, good luck. Different hand pressure in different places will give you different results -- usually undesirable ones.
I don't do much to the planes that are used to hog off material: the jack, the scrub etc. They take a coarse shaving so the sole would have to be quite bockety to notice a difference.
Another important point here is that wooden planes are actually easier to tune to higher tolerances in my opinion. I've seen a fair number of wooden try planes and smoothers that were dead-nuts flat right after tuning. Better, in fact, than any metal plane I have. So don't think that wooden-plane people are working with coarser tools because they're not.
The bottom line here is that planing, like all woodworking skills, is one that develops over time. Tune your tools the best you can because that makes the work easier. Put the tool to work. As you get better, your tuning skills and tools will follow suit.
Chris