Not to the point of conductor diameter, but one of my reservations using sheet metal.? Considering a mag loop must support large RF currents, I'd be a bit hesitant to use sheet metal.? It is not a particularly good DC conductor which indicates it is not a good conductor of RF currents.? Since skin depth depends on resistance of a material at frequency, a bad conductor is bound to introduce more I^2 x R losses.? Since the mag loop configuration is roughly 15 to 20 dB below a full sized dipole at the same frequency and identical physical surrounds, I'd be cautious of introducing any more loss.