I think
@mrcleanr6 has the correct answer. When I was looking to replace mine, I had the same idea as you, and I simply could not find a scupper that small. I don't recall the smallest scupper size I ran across, but it was definitely a fair bit larger than the existing hole for the drain fitting, and I didn't want to increase the amount of water that could potentially be taken on.
Adding a rubber cork/plug works quite well with the new fitting. The fitting now reaches inside the anchor locker, and it's a finished item, rather than the hack job many people get with their boats. The only reason my anchor locker gets any water in it anymore is when I'm putting wet lines in there, or if my boat isn't covered and it rains. It's just a simple sponging to remove. VERY happy I replaced it, and I'm also glad I didn't go with the clamshell cover over the drain fitting on the outside of the boat. The rubber cork is out of view, and stops water intrusion far better and more thoroughly than the clamshell.