If you are not an engineer and want a machine to work then the original pipe on pipe idea works perfectly well.
If you come from an engineering background you will find it hard to tolerate the crudity and you will want to introduce various changes.
If you keep the basic pipe on pipe then I would at least think about something to take the weight, the bronze disc is fine but it is certainly a good idea to increase the bearing area beyond that of the pipe end, a steel washer welded on the end to increase area will prolong the life. The tapered roller or a clutch thrust bearing will also work perfectly well.
A bit of clearance between the pipes doesn't really matter but again you may wish to introduce some form of bush. PVC is far from the ideal material but again will be good enough. In various machines I have used loaded nylon " nylatron" ( Polypenco) and also phenolic bonded fabric ( in UK usually known by the trade name "Tufnol"). most other bearing plastics will do just as well.
Don't bother with any of these mods unless you have suitable facilities, the basic scheme is good enough and will last for quite a few years, it also provides significant frictional damping. If you do clever mods you loose this damping. On a good clean site it will make little difference but on a more turbulent site it will do far more tail wagging than the simple damped machine.
Coming at this from an engineering point of view I was very doubtful about this simple pipe on pipe yaw scheme but I have gradually realised that it has some advantages and for those without full engineering facilities or knowledge it has much in its favour.
Flux