This topic has been discussed/argued many times here at SMC. IIRC, most manufacturers have a tolerance of 0.015. Realistically, 0.011 is 1/90th of an inch. I'd say it's an unfair comparison to compare a Grizzly machine to say an SCM jointer/planer because of the price difference when they were both new machines. If I paid 2-5 times as much for a machine I would expect tolerances, fit and finish to be better too.
First, what is the accuracy of the straight edge? Second, I'd call Grizzly to see what their advertised tolerances are, (2) what they recommend and (3) then try edge and face jointing a board to see what the results are.
Ken
So much to learn, so little time.....