Richard,
Its not quite that simple.If you add 2 x 1/16" shims to the feet of the shoes you wont move the shoes apart 1/8" because you are adding that material to the circumference of the brake shoes drum not the diameter.
Theoretically,to gain an increase of 1/8" on the dia. you would have to multiply 7 1/8" x pi (3.142), less the thickness of the cam less the effective diameter of the pivot and divide by 2 .Actually thats not true you would have to take into the account the PCD (pitch circle diameter) of the cam and pivot plus the 1/8" increase x pi.
The actual mathematics and geometry involved are way beyond me, and quite unnecessary.
Which is why I said ,if its not quite right, try again with something a bit thicker (or thinner).
MN