I went with 7" outer diameter and the inside diameter was that of my speaker cutout. I used marine plywood glued together to get my spacers at just under an inch.
EDIT: Since my initial response was on my iPhone, I didn't have all the details available. My plywood of choice was 15/32 marine plywood from one of the chain home improvement stores. I cut rings and glued them together, then covered them with truck bed liner.
This was the end result:
I ran out of my Sound Deadener Showdown butyl rope, so I ended up purchasing some 3m rope caulk locally from an auto parts store to place between the baffles and the door, the speaker and the baffle, and to seal the hole where I ran the wire through the baffle.
My only complaint now is I would rather have the JL Audio C5-650 6.5" driver over the 6.5" Genesis Profile 16 driver that I used. The C5-650 was just better at handling power whereas the Genesis power compresses like a mofo. Oh well, such is life with car audio, lol.