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Seatpost clamp is a great shout!
You can get versions without a lip and with flat top and bottom surfaces like this Nukeproof one.
Spacer off, seatpost clamp on, stem cap on, tighten stem bolt delicately for pre-load, tighten seatpost clamp. Done.
Ndeipi
Mickie_Cricket
Drat. That does look like the right tool for the job, although 28.6mm is a standard seat clamp size, so I don't see why you couldn't use one of those if you were to file the lip off. It would certainly be cheaper.
It's interesting in the product info that one use for it is to maintain correct headset tension if you need to regularly loosen your stem to turn your handlebar sideways for storage or transport. That hadn't occurred to me.
EDIT: it's cheaper from Triton Cycles BTW