That's not exactly the same thing. The drive plate spec is the axial runout at the perimeter of the flexplate. The pump drive spec is basically checking how well the converter is made. Those specs are assuming the converter pilot is perfectly on center, because the OEM one is.
I hope I'm not coming off like some grumpy old man telling you how to do your project. I like your "getrdone" approach to things. I only say something because I've been a machinist for 20 years, built things like this commercially and more importantly, I've fixed stuff like this after it fails more than a few times.
I'm helping a 16 year old kid design and build some VW TDI adapters at the moment and I we're about 40 hours into the project without making a chip yet. He's a smart kid, but he really thought it was going to be a 2 day job to design and CNC all the parts. Machinists know how to make things. Materials, heat treat, fits and metrology. It's not overkill to do the bare minimum to make something that works correctly in the end. If you have questions about how to solve your problem please ask away. If you're determined to do it all on your own, no problem, I can relate 100%. You'll learn the same things either way. Asking questions first will be way easier on your wallet though.