A little late, with this note, but kudos on your Panama story. That is an excellent look into a world most Americans never see. My mother read it cover-to-cover and really enjoyed it (91 years old and reads several books a week).
I wish my boys had experienced a firsthand look at other countries, as so many of our generation did (perhaps without having to become proficient at "nickel and a dime, head space and timing")!
I think that your cone is too steep and short to do you any good. I have made my own megs, in the past, by gore cutting 2 1/2" exhaust pipe and then slowly bringing it together with a series of hose clamps. You can tack weld in between the clamps to hold, and then remove the clamps for finish weld. A "death wheel" or an air hacksaw with broken-off bimetal blades will cut the section out of the pipe.
Calculate the circumference of your small end, mark a centerline, and then mark a cutline on each side of centerline. Leave the last 1/2" of 2 1/2" tube uncut, so your clamping process starts straight. Leave enough space between the clamps to work the metal with a rubber mallet. The clamps will survive mallet contact just fine.
Or...heres how I do it these days for cheap. Use the 1 5/8" to 3 1/2" and cut off what you need.
http://www.speedwaymotors.com/search.html?query=MegaphoneJimL