If you can find an o-ring that is the same diameter, but a thinner cross section and is fuel resistant, it will work just fine .
I just took a look at the seal on the fuel cap on my'81 R65, took it to work today, and the seal is falling apart, need to replace it .
For what it's worth, the original seal is nothing more than a large thin rubber gasket/washer .
I replaced the seals on the fuel caps of the the two LS's and the replacement seal is about twice the thickness of the original .