Frank,
I have used dural rings, steel rings, titanium rings and also filled the groove with epoxy-wetted carbon or kevlar rowing, all works well. It was sheer luck that I found the ready carbon rings, they are the nicest so far.
I copied this construction from Sandor Havran (HUN), he uses steel rings.
I also have a ST.60 prop somewhere given by a chinese sportsman, it has just one apr. 1/16" aluminium plate at centerline of the hub, and then 2 metal pins/blade to keep them in place.
My point is that often people over-engineer these things. L