I just read in the '08 NEC Article 3 Section 310.15(B)(6) and as I read it the feeder must be #1 Alm. Unless it carries the entire load of the dwelling and then it can be a #2 Alm.
The Code panel has waffled back and forth and reworded this one many times and now with the '08 I think the aforementioned sizes would be proper. That would be my call — Until someone convinces me otherwise.


George Little