I've used .0040/.0045" for cast pistons and .005" for forged pistons in the 750 race bikes for years, and it seems to work well. When I started building 920 engines back in the '70s, I tried forged pistons from Forgedtrue, Arias, and Venolia. All recommended really tight clearances, around .0025" to .003" IIRC. They seized every time with those clearances. I worked my way out in increments to .005", and that's where they stopped seizing. I use .005/.0055" for all the big bore JE forged pistons I use now. That's in iron cylinders and alloy cylinders with iron liners. If you had alloy cylinders with Nicasil bores, you might be able to run less clearance, but I've never tried it. Air cooled Kawasakis in the same bore size range do indeed work at tighter clearances, around .002", I think, but that will not work in a Norton. I've had JE making Norton pistons for years now, and I've talked to their engineers in detail about clearances. They said they normally would recommend .002" for the 73 mm bore, but had no experience with old British Iron, and were very clear that their numbers were only a suggestion, and that I should use whatever worked for my application. The pistons I get from JE are ground for .002" clearance for the 750 and .003" clearance for the 850 and larger sizes, based on whatever bore size I give them. That's their normal practice for this type of piston. I could have them made for .005" clearance by giving them a different bore size spec, but I like them the way they are, because it allows honing worn stock cylinders out another .003". Frequently that will clean up the bore enough that the next oversize isn't required. I only sell the pistons as race parts, and the engine builders normally expect to have to hone the cylinders to fit the pistons, not to a standard bore size.
Other folks might have other experiences. These are mine, for whatever they are worth.
Ken