Many good responses here. All will work fine (depending on what it is you are trying to do). Trim soft jaws.
I wanted a shim under my QCTP (3" OD, 1" ID, relieved in the middle and 0.05" thick at the rim). I trimmed my soft jaws to a very small step, leaving the ID portion of the jaws larger than that 1" hole for the ID. I started by roughing a washer out of a piece of bar and about 1/8" thick. Then into the trimmed soft jaws and took small cuts with a keen tool (lots of positive rake). The washer turned out very well. I think one could go quite a bit thinner, but the work will deflect away between each jaw (may need to go to a pie shaped soft jaw for very thin items - unless you can grind it).
Anyway, the point being there are quite a number of approaches to machining washers. Good luck.