That sounds a little on the small side. I use 2.06" on my concerts. That being said, are your other dimensions standard for a concert. Everything is interrelated, if your body is a little thinner for instance, that size may be OK. Because of my mandolin making experience, I often fine tune the soundhole size after stringing up the instrument. When you build a carved top mandolin, one of the last things you do is to gradually enlarge the f-holes to balance the bass and treble response. You can do the same thing with a uke. A smaller hole will favor the bass response.
Brad