Thanks all, As a whole, it cost me $125 - for the plate to be plasma cut & purchased. Relatively lucky, my friend is a machinist in a local shop & has been trading me quite a bit of work, in exchange for a bow at a later date lol.
I will agree, the paper is a mild concern being that low to the bushing, but as a whole, I went with a perfect donut so I can rotate as needed, if needed.
1/4", while I thought would be too small, with supporting legs and some additional bracing if needed, I can't fathom it won't be strong enough or hold shape. I've played around a bit with it & no issues I can foresee. I'm going to be really putting her to use this week, as I've been designing my templates on my CNC software & plan to cut them tomorrow morning. Future plans though, are to rebuild my couple of 1 piece forms on my CNC, so I can directly map & cut a riser template from the form. I do love my CNC lol