Yeah, my banding has ~1/16" of additional thickness for just that reason, but the more I can minimize the chances of nicking the ply veneer with my block plane, the better.The edge banding is sawn wider than the thickness of the edge that it's glued to so misalignment is okay. For example, your box could be 3/4" t so the edge banding could be +1/32" wider on each edge. After it is glued on the excess can be removed with a block plane.