From my experience the flare is moderated by the thickness of the aluminium. One way to avoid it can be to make the hole and around it a darker colour, texta pen could do this. Also, make sure every surface inside the camera is black, preferably matt-black. I'm not sure if you know but there is a pinhole website online, I'm not sure of the technical content but it's called f295 and similar in set-out to APUG. I've used handmade exposure apparatus for years, p.m. me if you need some more info. I wouldn't call myself a technical expert but I have years of experience. Good luck.