The 7" ring will be approximately round, but you should be able to average it so it balances. I built a flywheel of a similar size, and you could too. Around the rim I drilled six holes to match the diameter of the spokes (I used old bike spokes). For a hub use a hex nut, with a bore that can be drilled to suit the shaft, drill six holes around the nut, but not into the center hole. Fix the nut to a board, and mark a circle for the rim. Using loctite, glue the spokes to the hub by poking them through the rim, let it cure, center it and put loctite on the spokes at the rim, and after it cures, trim the spokes to length. Ian S C