I'm not sure the collar makes a huge amount of difference for protection from radiant heat.Would fitting a steel or alloy flat plate over a 100mm D cutout work as a mounting plate? -- ie would the collar be vital to protect the plywood cutout from radiant heat?
The exhaust is the hottest component, and you could easily insulate that if you were concerned about heat.
Provided you have sufficient clearance between the plywood floor and the exhaust it should be ok. Instead of a D I'd still do a 100mm circle.