It`ll never be expressed as 2/5ths.
It`d be 4/10ths.
Rounding down is a metric notion.
I'm going to have to disagree with you there.
I've just looked at the 1955 Fowler's Mechanics and Machinists Pocket Book that has been passed down through the family to me. In all of the tables it includes it has fractions expressed in their lowest form (mathematically speaking, this isn't the same as rounding down

).
Taking one such table (Weight of one foot of square iron) it has the following 'side of square (inches)' in one of its columns:
11/16, 3/4, 13/16, 7/8, 15/16, 1, 1 1/16, 1 1/8, 1 3/16, 1 1/4, 1 5/16, 1 3/8, 1 7/16, 1 1/2
each one being the previous + 1/16 and simplified to its lowest mixed form. So the concept was around in 1955 when we were still under the grips of imperial (shown by the mass use of inches and pounds throughout the book!).