I read about this idea and decided to try it out. I went to my local 'Do-It-Best' store and went through their trays of Nylon Washers.
I found the 0.68x.125 washer is PERFECT for battery isolation. Note at my store it was the only Nylon washer with this diameter - the one larger was 0.75" diam and the one smaller was .625" diam.
I also used Permatex I put a small bead around the outside edge and gently pushed it in from the front so it was abou 1/16" below the metal tube's end. I then ran a bead between the tube and the Nylon washer.
It seems to be working great. The hole in the middle is large enough for the center spring to pass through and contact the battery, and by having the nylon washer slighly below the top edge the outer spring can rest on the end of the metal tube to complete the circuit.
Washer cost is $0.25 each and they come perfectly sized. My suggestion is to use a file and carve a groove in the outside rim of the washer so the Permatex gets a better grip (a good mechanical lock).
Thanks for the idea KClapp!