For the top edge, I put the mizzen mast in and determined that I had about 1/16" all the way around, give or take, inside the sleeve.
I used the bandsaw and cut the thinnest piece of Starboard that it would allow.
It was still a bit thick, but the belt sander with 40 grit paper fixed that.
Then I bent the piece over some PVC and used the heat gun to shape it to the mizzed socket radius.