I finally figured it out. Went and took a look at some bikes similar to mine, found out how it's supposed to be, and finally tracked a part down through a local Triumph repairer - great bloke, really helpful. He'll definitely get repeat business from me.
Here is a picture explaining the issue.
The left hand 3/4 ring was what was welded at the bottom of my steering neck. This explains why I had no steering stop. The previous owner (Mr Butcher I reckon) had obviously tried several times to bodge (gerry-rig) a fix. I carefully ground off the weld with Dremel, and cleaned up the dags.
The right hand part is what should have been welded there, explaining why I was asking about "protrusions".
All fixed, and thanks for your advice.
Pete
[ This message was edited by: OzBloke on 2006-06-03 19:32 ]