I used to do that with headtubes I cut from "headtube" stock. most of it was actually 35.xx mm, I would cut the rings from 1.5" x .058" Cro-mo and slice them so they would spread around the "HT stock" top and bottom. Braze them so the slots were on the side. I did this with MTBs, BMX bikes, any bike that was going to take some hits. Later I got into some Don Schneider machined HTs that were cut from 1.5" (38.1 mm) tubing and were machined down in the middle with the north and south ends left alone.
The headtube ends, where the bearings sit, take a lot of gas. You want more metal there, anyway you can get it.
jn
"Thursday"