V Band Clamp Question

I ordered V clamps to fit a 2 inch pipe.
The OD of the 2 inch exhaust pipe is 2.030
The ID of the 1/8 inch cut into the V Band clamp is 2.034
The ID of the main body of the V Band clamp is 1.951

so the exhaust pipe will fit into the shallow 1/8 inch depression, but not into the main body of the V Band clamp. And that is my question. Is that how it is supposed to be?