When you try to run a spacer (and it usually turns out about .375 is what you need)....and you slip that under the original collar...you now have problems clamping the mag down due to the new height.
So most guys machine off the original collar on a lathe and then make a new collar with set screws to lock it in the new position on the mag base.
It would be real nice if that MSD collar is the right ID but I doubt it is.
A friend of mine back in the day made a clamp out of chrome moly steel for that and used a stud, it was the shit the mag wouldn't move if your life depended on it, I told him to market it he'd a made a bundle on it, but the dumb shit didn't want to be bothered with it!..Oh well!..