You mentioned a O Ring? My new gasket set had a beveled gasket for the ball/bell and 5 "flange" gaskets to be used as an adjustment for tightness. The more flange gaskets you use the more loose it will be.I used two and everything seemed to work and remain tight. I don't think there will be a spec for this assembly. Every situation will be different.
The most important part of doing this job is pre filling the bell/ball housing BEFORE making the parts active. Remove the battery ground nut and put a small amount of oil in the hole to pre fill the ball/bell housing. The ball/bell will fill itself by getting oil from the transmission but it takes a while. If you don't pre fill the parts may run DRY before this happens.
http://www.findmycd.com/torquetube.htmlThe O ring you mentioned may be a better fix but not mentioned in the manual instructions.The O ring may become slippery and not end up in the correct postion. Just my 2 cents.