There are no limitations on the width of a weld bead deposited with SMAW in D1.1, ASME (exception Section VIII, repair on a vessel that has been subject to PWHT), or NAVSEA TP278 unless there are notch toughness requirements imposed. There are restrictions in the form of heat input limitations when notch toughness requirements are imposed. Most of us know heat input is a function of voltage, amperage, travel speed, and an often overlooked factor: efficiency factor that considers how energy actually goes into the weld poor versus how much is lost through radiation, into the electrode, etc.). There is no direct consideration of the bead width or weave width in the heat input equation.
Heat input also comes into play when welding Q&T steels. NAVSEA TP278 limits the heat input based on the thickness of HY80, HY100, etc. Controlling the heat input involves controlling the travel speed, but that does not necessarily limit the width of the bead as a function of the diameter of the electrode. I've heard many times that the "code" limits the width to 2X, 3X, or even 4X the diameter of the electrode. I've yet to find such limitations in D1.1 or NAVSEA TP278.
Don't get me wrong, I believe in placing controls on the welding parameters when there is a reason to do so if for no other reason to ensure consistent results from one welder to another. Workmanship, often not address by welding standards, is an important aspect of producing a product that appeals to the purchaser's sense of "quality". After all, how many of us have encountered clients that have said something to the effect, "I might not be a welder, but I know what a good weld looks like." Nothing catches the eye like seeing one weld deposited using stringers and another weld right beside the first that is a wide weave. How many of us look the welds that are visible as we walk through the airport or shopping mall? How do we respond when we see wide weave beads and stringers intermixed on the same member or the same connection?
The bottom line is if the contractor wants to limit the width of a weave bead as a function of the electrode diameter, so be it, but let's call a monkey a monkey, an apple an apple, and BS for what it is. If the contractor wants to limit the width of the weave, that's fine, but it is the contractor's preference, not a code requirement.
Best regards - Al