If diameter is the only issue, and it seems as good a place to start as any, why not reduce the diameter to that of the original? Then, if tooth profile still leaves it too tight, you could dress each tooth down a tad with a jeweler's file, using due caution not to overdo it.
Richard L.
Edit: This seems to me far less agressive and, possibly, damaging than altering the mag mounting holes, which may not help anyway if the problem is tooth profile.