I like to make it just a bit bigger, but that size should work. If you want an IFB solution using that size tube, it's possible. If you've got a welder, hold a piece of ceramic tile against the end and weld just a little tack about every 1/2". When you take the tile away, it will leave a nice tooth. You want the tooth just a little wider than the steel tube, but not much. You can then use this as a handheld hole saw to cut your IFB to match the 7" tube. When you're done, you can just grind off the teeth. Make a jig to hold two bricks together, side by side, and rotate back and forth the holesaw. It should only take a couple minutes per cut. You can get a cheap 4" hole saw for a drill to cut the inner chamber.
This method is how I built the first prototype for the Graham.
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