One thing I like about the Dowel it is that all four holes are tapped so you can move the inserts around. Something that has bounced through my mind, not that I have tried it yet, is to not turn the jig around. What I mean is, when you drill the first set of holes and find you are off (for instance) .02 to one side of center, then you flip the jig to the other end of the riser, you are now .02 off to the other side of center. With the Dowel it instead of flipping the jig just slide it from one end of the riser to the other then move the inserts to corresponding holes. In theory this should make both sets of holes offset to the same side. At that point, as Mike said, bolt it up and run it through the drum sander again, OR, realize that as long as the offset is on the same side, who is really going to notice .02"
It would be nice to have an insert made that is 27/64" instead of having to redrill a hole without the jig.