I used to be a drafter. We did remove 'processes' from older prints, unless there was a reason for that particular process. The main reason is cost. If a supplier could produce a part to specs, ie size, surface finish etc. then why limit them. Also, if they had certain types of machines that gave a different finish, say Blanchard ground.
Now on the reverse of that, I was in an interview and mentioned this. One of the interviewers had an example of parts cracking, due to it being ground vs milling.
I also worried about how a part was dimensioned. I tired to dimension (GD&T), to the design intent of the part. I do remember on supplier wanting the part dimensions in a particular way. It was obvious to me that it suited their equipment and would be costlier to other to produce.
I think in the OP situation, it would be basically a 0.500 slip fit hole. IE 0.501 +/-0.0005
First I would like to say that a simple .5005" is not really a slip fit for .5. When we get down to .0005" interference, then it comes into Cylindricity, Straightness and Roundness not really hole size.
Meanwhile back at the Ranch, I can't even tell what you are talking about. You had an interview and......what? It was Ground but it cracked and it was obvious and you designed the intent of the Machine, and the interviewer was like waaaa, and GD&T and costlier??