Cut it .027 ,that will leave you .015 protrusion.
You can use any wire you want ,mild steel ss steel or copper.Back in the day when thats all there was unless you took your block to a machine shop to have it cut,the Isky tool held to 70 lbs. time after time after time.Then I had the bright idea of buying this gasser water injection system {that everybody thinks is so great nowdays} and started experimenting with alcohol. Needless to say I started acumilating a pile of head gaskets.
In my humble opinion o- ringing is fine up to around 650 hp.