Hib's numbers are the correct numbers. GM's intent is to have just enough free play at the top of the pedal to assure that the clutch fork is not riding on the throwout bearing when the clutch is not depressed. Any freeplay beyond a "no-touch" setting is superfluous for this objective. Adding freeplay beyond this decreases the pedal stroke and clutch disengagement, which can be detrimental to synchro life if the clutch is not fully disengaged between shifts. GM didn't add a whole lot of extra stroke to the linkage to provide a lot of tolerance on either end of the adjustment range, so proper adjustment was essential. If your clutch is fully disengaging as verified by the procedure I outlined, and the freeplay at the top assures that the fork is not riding on the bearing, you are in the range. You can use the remaining available adjustment range withing this allowable tolerance to tailor the pedal to your driving habits, keeping in mind that the "correct" adjustment is with minimal (1/2" - 3/8") "slop" at the top to assure full disengagement upon depression. Some people like a little extra (3/4") at the top to make the clutch engage a little faster coming up from the bottom, but just make sure it's fully disengaging upon full depression before doing this.
Lars