Brian
The following figures are from the "Model Engineer's Handbook" written by "Tubal Cain"
1/8" x 40 tpi – tapping drill 2.65mm (no 37)
3/16" x 40 tpi – tapping drill 4.2mm (no 19)
1/4" x 40 tpi – tapping drill 5.8mm (no 1)
From the text by the table those sizes are all based on 65% thread engagement.
For the 1/8" size the Zeus tables give – BSI recommended 2.55 mm (dec 0.1004", no 39),
BSI alternative 2.50mm (dec 0.0994", no 40).
The size that Jason gives above, especially the one for 1/8", sound a bit tight – heading for broken tap territory, mind you I gather that Jason has quite a bit of experience tapping holes.