Yep, I have the same, except just 3 lines in my title block. Sheet metal gets the x.x thru x.xxx, and precision machined parts get the x.xx thru x.xxxx, with the 4-digit dimensions typically at ±.0002.
Same.
Oh, I take it a step beyond that! I don't even produce fully-dimensioned drawings, only inspection drawings, on machined parts. Essentially, we provide a 3D model (usually .step) with every part, with implied ±.005 global tolerance on the model. Then the drawing only receives hole call-outs and dimensions on anything that differs from ±.005, either because it needs to be tighter or because we believe money can be saved by loosening it. In most cases, multiple operations on a single setup don't benefit from looser than ±.005, that only becomes a cost advantage when having to move the part to a new setup.
Once in awhile, I'll run across a shop that still wants fully-dimensioned drawings, and then I have to decide if it's worth the effort to even work with them. Working with shops that import our model directly into their CAM software yields fewer mistakes, saved time in CAD, and even much more saved time on inspection (both at fab and incoming to assembly). For these reasons, I really shy away from shops requiring fully-dimensioned drawings the last 25 years, although we still have a few, mostly screw machine manufacturers, sheet metal, and plastics.