re:
Yep. The final sizing depends on the gun's specs, if you want a press-fit. I generally go for a light press-fit, so I won't have to fight with it to strip the slide...or you can just cut it to the size of your present stop, or a little larger for a slip-fit. The advantages of a correctly sized and fitted stop are that it positively keeps the extractor straight up and correctly located, and it prevents the possibility of the stop falling out during the cycle and tying up the gun. Usually only happens when the firing pin spring gets tired, but it's another thing that I like to do in order to keep Murphy at bay.
The radius? It can vary. The original, pre-1918 radius on the stop was .078 inch...or about 5/64ths. The revised radius was...and is...7/32nds inch. I normally cut a 1/16th radius, but exact sizing isn't critical as long as it's small. The smaller the radius, the more of the slide's energy is absorbed by the mainspring. Tends to cut down on the slide to frame impact and reduces the gun's flip a bit when the slide impacts. Cutting a radius is an aquired skill, but can be done correctly on the first try if you're careful. I've seen some truly beautiful ones done by guys who had never done it before. A radius really isn't necessary though. George Smith of EGW advises that a small 45-degree bevel will work just as well...but it has to be straight, or you'll side-load the hammer pin.
Cutting to fit the slide is usually a simple matter of reducing the width...and occasionally the thickness...with the extractor removed, for a slip-fit, and final fitting with the extractor installed for the press fit, if desired. Again, the sides should be cut square and parallel, or very close. There's a technique that I use that works well, but it's been a long haul since 0400 today, and I'll have to go over it tomorrow. It's all I can do to keep my face off the keyboard right now.
Meanwhile, here's a picture to compare. On the left is a 7/32nds radius...pretty much standard since January of 1918. In the center is one of mine with about a 1/16th radius, or just a bit larger. On the right is one that I cut slightly smaller than standard...maybe 3/16ths or so.