Joshua,
I think you will be fine if the post is not "perfectly" round as long as you can tighten it enough in the banjo so it doesn't slip. The only way to find out is to try it and see. Just take a little off at a time until it fits and tighten it up and find out. I bet you will be OK. The fit is not meant to be super tight or you would have a hard time getting the rest in and out of the banjo.