Thanks for everyone's input and Bobby's design I cut 2 of these today. Except for one spot where my grinder slipped loose and dropped(goodbye disc), they're perfect circles. The trick for me was to just cut barley into the surface and work back and forth in circles to get down through the steel. Instead of cutting straight through and then working sideways.
Had to use a couple wedge shims to level things out once it was assembled. The top ring on these kegs are a little banged up and not always level. Maybe a touch over-designed, but it's built to last for any others I'll have to cut in the future.
Also I used the disassembled keg spear for a centering post. I had to grind the tabs off it. Worked great.