Wow. I feel like this is one of those Mandela effect situations. I generally think of it as poor practice... but figured someone taught it at some point.
I pulled everything from WWII all the way to every bit of Boeing technician training (that I helped update a few years back), Boeing Process Drilling Sheets... Nothing uses the words "Match drill" that I can find. Even checked Machinery's handbook for you... only talks about larger structural type rivets (think bridge)... talking about holes typically being 1/16 to 1/8 of in inch oversize for swelling... also hot rivets.
My go to is usually MIL-R-47196. When I read it, it certainly has us drilling both sheets at the same time. As do a lot of the Boeing Process Drilling Sheets (PDS####).
However... nothing says pilot drill the top/layout sheet, then final drill to the next. New manufacture has you poking the pilot in both sheets at the same time, then finishing up with a reamer, or piloted double margin drills.
My older book "Nisita" (see below) talks about fitting skins and such... have you lay out "fastener" holes at fairly significant spacing to the tune of 6 inches... but then says to place the rivet holes in them after words... Implied while clamped with no pilot. With modern manufacturing I'd call these tooling or alignment holes. But it's assumed the two sheets are clamped together and both holes are made at the same time.
After searching all of this... I'm inclined to think the term match drilling is from maintenance actions where fitment to existing removed rivet holes is required... which I have to say from personal experience... gage the holes after "match-drilling" as they are almost always blown out in some form of out of round. When rivets get removed I find that the hole is expanded a little from the original rivet installation is my guess. If I remember off the top of my head a #4 is drilled .125 to .135... and I often see holes right on the edge of .135 to .138 after rivet removal. Very common to see #3 blown out well up to .110".
Refs:
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MIL-R-47196 (used for new manufacture)
3.2.1.1 Drilling....
a. All holes shall be shall be drilled normal (at 90 degrees) to the working surface.
b. Extreme pressure shall not be applied and holes shall not be punched through with the drill.
c. When drilling through more than one sheet, hold the sheets securely together so there is no misalignment of holes due to shifting or separation of the sheets.
3.3.1 Cleaning mating surfaces. Before parts are riveted together, all ships, burrs, and foreign material shall be removed form the mating surfaces. Burrs may be removed from rivet holes by chamfering to a depth not to exceed 10 percent of the stock thickness, or 0.032 inch, whichever is less. Disassembly after drilling and before riveting, in order to deburr faying surfaces shall not be required.
4.2.1 Defects
g. Sheet separation after riveting which allows a 0.002 inch feeler gage to be inserted between sheets from any direction far enough to touch rivet shank.
n. Deformed skin or open seams caused by pressure on rivets.
o. bulging skin caused by expanded skin or trapped chips.
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TM 1-1500-204-23-10 (maintenance guidance)
7-4 (c) Riveting Procedure...
(1)(a) Hole transfer. Accomplish transfer ofholes from a drilled part to another part by placing second part over first and using established holes as a guide. Using an alternate method, scribe hole location through from drilled part onto part to be drilled, spot with a centerpunch and drill.
(1)(b) New sections. In areas involving complete new sections, drill from skin inward into stringer, or drill from stringer outward. In either case, first drill0.098-inch pilot holes in member nearest operation, locate and attach second member to first by two C clamps or spring fasteners; size-drill through both members, separate sheets, and remove burrs from holes.
8-8 Skin Replacement and Repair.
a(5) (a) Back drilling, using the holes in the reinforcing members as guides, and installing occasional Cleco fasteners as described in paragraph (4). The reinforcing members must be aligned and flush at the points where they intersect; otherwise, the holes in the new sheet will not be accurately aligned. For the same reasons, the new sheet should have the same contour as the old one before the rivet holes are drilled. The skin must also be held firmly against the framework while drilling. This can be done by placing a block of wood against the skin and holding it firmly while drilling.
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Aircraft sheetmetal assembly by goodyear aircraft 9/23/1942 (new manufacture). Doesnt mention it AT all. Not even the shop project instructions.
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Aircraft Riveting by Albert H. Nisita. Also September 1942 (new manufacture)
Small areas
1. If the material has not been previously prepared, it should be clamped before drilling.
2. lay out all dimensions lines and the location of all holes on the top sheet only. ***<---- that I totally understand and agree there is no point to lay out the second sheet.**
End to end method (some paraphrasing here)
Skin creeping is bound to occur in jobs unless holding the material tight is used. Fasteners are installed at one end and the subsequent sheet holders installed in proper sequence in one direction. Apply fasteners immediately after drilling until the sheet is completely tied down to the stringers or bulkheads. To apply fasteners too far apart, or at each end first, and then at intermediate stations in a long installation causes the skin to buckle or gives it a "wavy" appearance. This condition is caused by trapping the surplus skin between the end fasteners and by not allowing the surplus material to move out toward the edges. Do not tie the edges or joints down first. fasteners must be applied immediately after drilling the hole or holes, depending on the nature of the installation.
Center method
Fasteners are installed first in the approximate center of the sheet and then equally spaced toward all edges. The slack is removed as evenly as possible. This method if properly employed will result in drum-tight installation which is necessary before the rivets are installed.
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I have another book for sheetmetal teachers that is Racist as it gets... but has great info otherwise I cant seem to find... maybe for the better.