IGES for the most always has a certain amount of translation errors when crossing systems. However, most are very minute and will more than likely not show. For most parts, this is fine. If you have a part with multiple complex surfaces, a billion points/edges of tangencies, dozens of helical or involute type profiles is when you may encounter some errors. I have seen some translation not work even in some simple parts but generally its easily repaired.
Mastercam can also import ProE .PRT and .ASM files. Do you have solids on MC? I'd do this instead. If not, you can export as a .STP file as well. If the IGES imports clean and there are no visible errors, you can go with it. Just double check any criticals for attempted patches and what not. For the most part, if there are any errors, its either blown way out (therefore missing surfaces or visibly wrong) or the deviation is smaller than your machining tolerance anyway.
Not a rule of thumb... just a guideline....
It's just a part..... cutter still goes round and round....