PVC couplings from different manufactures are never exactly the same, I was in manufacturing all my life, I also was a machinist, From my point of view it would be better to machine one that fits snug to the bell housing bushing. I don't like this idea at all because the alignment tool also fits into the pump gear, it has flats milled on that end, you could also mill the flats on the pvc to match the torque converter. The best alignment tools also have a shaft in the center for proper alignment. Without the proper tool it is a hit or miss thing and a lot depends on your expertise. Improper alignment will wear the bell housing bushing, which is not replaceable, also the pump gear. I used the torque converter, paper and the center shaft, this worked well for me. I had to remove the trans after about 5,000 miles and the bushing and hub on the new torque converter showed no wear at all, so my alignment was right on. Make one with the flats on it, you could also bore it to fit snug on the center shaft, that's what I would have done if I still had access to a machine shop.