Thanks very much Paul.
Of course Paul is right. What I meant by close enough is that when I do waver a little I have devised a system where my back seams look "almost" perfect even with a small margin of error. The groove I cut in the back is often shallower than the front and serves more as a guide for the line. That way, if I deviate a little, and usually that is only to the edge of the groove, the tightening of the stitches and the final pass with the over-stitch wheel (and dampened leather in more "disasterous" mistakes

) and it looks like it was a all intentional.
As a woodworker for a day job, the maxim is "covering up the mistakes to make them look like they weren't mistakes"... or something to that effect.
I cheat a little with the dremel trick but ideally the holes should not be drilled.
The removal of material usually looks okay but the punching of the holes ensures a better sewing job as the finishing will swell the holes back around the thread. Also, in hand sewing, if there is a mistake, then you can often re-punch the hole next to the error and the movement of leather will close the mistake.
The main reason I ended up with the dremel and drilling holes is that my style of sheaths often end with a large welt at the mouth of the sheath and with the compound angles created it's very hard to keep plumb, square and keep the proper spacing. Particularly under the pressure needed to punch through 3/4"-1" of leather.
I found the dremel and freehand took away many of these difficulties.