I'm not sure you've got a 4 mm difference. You might have a 0 mm difference given that the 27" wheel has a 4 mm bigger radius, but a roughly 4 mm smaller tire. On the other hand, it's right after lunch, I'm full, kind of warm, and it could be that my logic/math portions of my brain are already asleep and waiting for the rest of my body to catch up.
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Bikes: 1996 Eddy Merckx Titanium EX, 1989/90 Colnago Super(issimo?) Piu(?), 1990 Concorde Aquila(hit by car while riding), others in build queue "when I get the time"