First off, Thank all of you for the replies. Exhaust is an area that is not my expertise. Okay, I'm not an expert at anything, but I can usually make old things run.
So, here's how I understand it thus far: Please correct me on thinking errors!
The Spigots/header flange is the piece that is attached to the head with 2 screws per. Those need to be removed so the lip of the Mac can sit flush against the head. That would make sense to me as otherwise, they are the same diameter and that would be weird.
Studs need to replace those screws used for the spigots.
There is also a style of flange that I need to purchase and the eBay link didn't work for me either, so I'm not 100% on what that item is. I have two styles of hardware in my second pic next to those split collars. One is a collar style that would use studs and one clamp style that would I assume use the spigots.
Also, those 4 split collars - where/how do those get fitted? I'm assuming outside of the header pipe at the head.
Thank you all again. It took me a bit to figure out the left hand side of the exhaust and how the kickstand goes in-between the pipe. But I managed to figure that out with research on here.