My thinking about this place is a bit different: Don´t take out ALL outer springs to be replaced with o-rings. I´d want to keep most of the range of the ESA lobes to use the steeper ramps on the lobes. That way you convert less of the motor torque into axial thrust on the small faces on the triplex sprocket and inner ring of the leftmost main bearing. This spot does wear a lot , steel on steel mating, lubrication is overloaded at this amount of thrust. That is why I would not suggest overly hard springs as a desperate way to prevent the ESA to slam to its hard limits due to wrong lobe shapes. You overload cam tops and inner race from this.
So yes, I´d put short lengths of o-ring strips in two or four spring holes but a suitable bit of hardened steel pin ON TOP of the o-ring in the bore. This will act as a "soft" stop before full hard lift of the ESA is reached. Steel pins on top because no o-ring can squeeze in the gap as it is way below in the hole. A 6mm o-ring bit in the 7 mm hole should provide some squeeze for a soft stop I´d think.
There are basically two arguments about ESAs : Do you want to protect gearbox teeth as a reason for any ESA in transmission? I´d think in a Vincent no need for this, gears are very strong compared to other 500 cc bikes. A Vincent twin is not a 1000 cc single, just two 500 cc singles flying in close formation. So why worry about this understressed gearbox and have a poor design ESA at all ? After all, there are two chains in a Vincent drive train so no real harsh conditions here even without any ESA - unlike all gears shaft drives like on BMWs or Guzzis .
Plus there is some kind of clutch, servo or multiplates, another shock limiting device that will protect gears from overloads to give peace of mind when having no ESA at all.
Or another argument about ESAs: You want to smoothen out a kangaroo ride at very low speeds ? Allright, so you´d be forced to keep a wide range ESA - try the two o-ring in hole soft stops as suggested. I´d be curious to get feedback from road tests.
Vic