Len, one of the fixes I tried to make the clone blocks act somewhat like the Renzetti blocks is shown in cross section. I have a cross stud (orange) with 8-32 bolt which taps into the same thing what you call a barrel nut (green). The idea was to not only clamp a multi block fixture assembly on any available hole, but also, there would be no exposed fastener heads or hardware on any surface. Not a need to have often, but a nice to have.
Using a similar sketch, if I understand your assembly, you run a longer length bolt into the barrel nut & use a washer between the head & block. It is providing clamping force between the 2 block faces, but its the same issue. There is clearance between the bolt shank & hole (red arrow) and the anchor contact is essentially a tangent line (pink arrow). Its this combination that makes it a bit less secure setup as opposed to threading a stud into the block itself (as the original 123 blocks were intended). Hope this makes sense