The #12 bonding jumper would not prevent clearing the fault.
On a similar but longer circuit, where you had to go to #8 or #6, couldn't you splice back to #12 before terminating at the end device, if for instance the end device couldn't not accept a #8 or #6 wire? This arrangement would also be adequate to clear a fault.
When you upsize the wire for voltage drop you also upsize the EGC proportionally when pulling a wire type EGC.
That is if you're pulling one.
In the case of using the conduit as the EGC, I see no limit as to the amperage of the circuit or feeder that the conduit will service as far as being the EGC for that circuit or feeder.
At the point of termination, when using the conduit as the EGC, since we don't have a wire type EGC, it then falls back to the size of the "bonding jumper" to insure a properly sized ground fault return path from the device, back to the conduit.
Sometimes I just need to hear from others where they feel that transitional point in size actually is to see if they see it the same way I do.
Jap>