Hi, Dennis.
First off, it looks like that adapter on E-Bay is for LTM lenses (AKA M39), not M glass.
Then, it is made for Visoflex lenses. These lenses mount to a thick prism housing that attaches to the front of the rangefinder body, making it into an SLR. Thus, infinity focusing is possible on the 67 (or so they claim) because the Visoflex lenses are designed to be mounted significantly farther from the film than a regular LTM lens. If you mount a plain-ol' LTM lens, you will get close focusing only, and will have to do 98% of the focusing by moving the camera body forward and backward in relation to the subject, since the LTM lenses move forward and backward so little to focus. As for image circles, I don't know what they are. I'll be you could get some fun effects, though!