The holes punch in about 3/8" so if you place everything no closer than 1/2" to the edge to be bound you should be all right. The inside pages should be about 3/16" smaller than the covers. (Example: cover width 6" - inside page=5 13/16".
I think I've only screwed up binding once and that was when I first started using my BIA. The only thing you'd be out is the coil. You can't ruin your pages. You just have to bind it over again. If the directions for binding are followed correctly, you shouldn't have too much trouble. I love the books I have created.
Good luck!!
__________________ ...Barb
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