I have built about 20 of these pepsi can type stoves. You can build them open topped, with drill holes around the outer ring of the top, or closed top. On the closed top, you can put the drill holes around the top "gunwale" so to speak or around the side, down a bit from the top. Any style has pluses and negatives. I mostly like the side burner versions with a closed top.
Some observations: Leave out the insulation. I know many people put it in and it is absolutely unnecessary. The only thing I can see that the penny is good for is to stopper the fill hole so that pressure can build in the can. If you can find them and it is not easy -- you can buy rivets that are threaded on the inside and have a screw. This makes a great filler cap. Way better than the penny.
By all means, go the the Zen Stove website. Loaded with info. Best of all, is the templates that are available for downloading.
I do NOT cut the can to help get it started. I put a large round dowel rod in the inside and slowly rotate the can. As I rotate it i take a small coin (thinnest edged one available) and press down on the can for about 1 inch around the cut edge. This gives many, many little creases that reduce the size of that end of the can. Thus making them fit together more easily. Lubricate both cans prior to fitting them together.
You do not need tape, rivets, glue, etc. The press fit will not leak while the stove is in use.
All of my early stoves had too large of holes.
If you are building a pressurized stove, it has to have sufficient pressure to work. If you have a bunch of large holes it will never pressurize satisfactorily. If you have one with too large of holes, you may think it is burning quite nicely. (I did) until you build one with small holes. I use 24 holes drilled equidistant with the smallest drill in the Dremel drill pack.
Make some of all types, its fun, and it only cost 1 can of soda per stove. Sooner or later you will build one that will be so good it will scare you!
Good luck!