Yeah, you'll want to aim for 3cm but a little bit less in the tops of the bumps won't hurt. It WILL mess your water up if you move any plants later on but it takes about 4 or so hours to clear up with a good filter.
Are you going for a hairgrass carpet? It'll grow really really well in a sand like daltons #1 or builders mix. I found my hairgrass tended to grow on top of the silica sand I had, because it compacts down too much, but it grew through the daltons sand (which is what I think you're hoping to achieve).