RE: How important is string length?
Jeff,
You' re not likely to notice the 1/8" very easily. It will make your draw length slightly shorter. If you do feel it and don' t like it, and your single cam has a few string posts, you can always move the string out one post and then twist to get exact length.
Added note: Your string may creep a bit after a couple hundred shots, but then again WC strings are known to not move much.