Yup, you can run it all the way around the inside. There is lots of "meat" for the screws.
I'd think there'd be enough for the 1/2" roundover but can't say for sure. I think pretty much everyone just uses the 3/8" for the woofer cutouts on 3/4" MDF
-jay
Also, if you need to convert your jasper incriments to fractions, just divide the # by 16 , just the way it's writen, 15/16 = .9375, 14/16=.875 and so on , HTH