First of all, thanks again for all the ideas! Yesterday, I went to an arts and crafts store. They had a "cutting compass", but it only went down to 10mm (about .40") - nnot quite small enough for what I needed.
They did, however, have one of the circle templates with lots of circles from nearly pinhole size on up. This, combined with one of my wifes scrapbooking tools called a "flexible or swivel x-acto knife", allows me to lay the template on something like tape or label material, and cut around the inside of the template fora perfect circle. Then, peel away the backing, and I have a ready to use mask. The flexible/swivel x-acto knife has a very short (about 1/4") blade that turns in it's base. Works really well for this. Just make sure you have a good cutting mat underneath before you start.
do not - I repeat, DO NOT, try this out on the kitchen table without a good protective cutting mat underneath what you're working on . . .