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The phrase "a very small margin" is correct and usable in written English.
It can be used to describe a slight difference or gap in various contexts, such as competition, measurements, or financial results.
Example: "The election was decided by a very small margin, with only a few hundred votes separating the candidates."
Alternatives: "a narrow margin" or "a slight margin".
Exact(39)
"For decades, mining had been a very small margin business.
"Our co-ops operate on a very small margin, and this was totally unexpected.
"There is a very small margin of error in preparing and racing.
guidance left "a very small margin for error," said Stanley Fischer, the No. 2 I.M.F.
"There's going to be a very small margin of error between the teams".
"It's a business with a very small margin, and an industry unto itself".
Similar(21)
"Milk sells for a very, very small margin" of profit, said Nancy Hirshberg, vice president for natural resources at Stonyfield Farm, a leading maker of organic dairy products.
If you're going to be a market-timer in a down market (and, for the record, I don't recommend that path to anyone in any kind of market), the key isn't knowing that the market will keep trending downward or upward; it's knowing, with a very, very small margin of error, when the upturn is going to come.
But if you had a national popular vote that was within a very small, small margin, running a fifty-state recount seems like that would really be chaotic and catastrophic.
Because of the very small margin between a safe and lethal dose, NTIDs must be dosed carefully based on plasma concentration, and patients should be monitored closely for any signs of drug toxicity.
The very small margin of freedom that the Sharjah Foundation has created for the biennial has been compromised".
More suggestions(18)
a very slim margin
a very small scope
a very small proportion
a very narrow margin
a very small error
a very small spread
a very small variance
a very small markup
a very small majority
a very low margin
a very small fringe
a very short margin
a very small profit
a very slight margin
a very small room
a very small mark up
a very small niche
a very small paragraph
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com