I used the parts listed, with a few alterations here and there, to convert our Coleman 36 quart Xtreme rectangular cooler. You might have to alter the fittings (the alteration I do remember is using a longer nipple ~giggle~ because of the width of the cooler wall) but in general it should work just fine.
That cooler is sweet BTW... we maxed it out last weekend with a 20 pound grain bill for a 5 gallon batch
As for the stainless steel fender washers, I find ours at Ace Hardware. I had to ask, but I was pointed in the right direction.
I don't think rubber will work as well as stainless in this.
Check a local Ace, if you have one, if not, give me a shout. I might be able to snag a couple and mail them to you.