yeah, thats WAY too big.
IIWM, id take my jet and carbs down to the local auto store. they usually have a good selection of metric buna or viton orings behind the counter in a case. you might find one that fits for $.50 it should be a much tighter fit than whats on there now. Just a finger smear of motor oil on the o-ring before you push it in to prevent ripping.