You make the fix sound too easy. Sounds good to a DIYer but not to a well driller.
OP David, he sounds like he's not a driller.
Not such an easy fix at all. You left out the 400.00 dollars in excavation fee, digging up a driveway (in this instance) and paying for the labor to tighten up a hose clamp.
The casing top is at or just an inch+/- below grade... the slip on casing cap is even with grade, so you're going to dig it up with a backhoe!
I'd use my pick and 5' spade shovel and not charge for the 10 minutes to dig down around the casing maybe a foot and out around it about a foot. The hardest part would be the power cable IF some dumbass installer didn't leave a few (5-7) feet of slack as he should have, to go up'n over the extension.
BTW, this is in a driveway turn around area, not the driveway itself.
Not to mention the fact that a fernco coupling can get bumped right off the casing and the well can fill with sand,gravel,etc. I don't see how a rubber coupling can seal around aged steel.
Being that if it's hit it can be bumped off, that saves the casing any damage. That's a good thing but me, I'd get a post hole driller and put in some cement filled 4" to 6" pipe around the steel or PVC extension as protection.
Because we've had this conversation before about a Fernco, I assume you don't know how it seals because you never used one on existing steel casing. And you don't want to so you come up with all the ideas you can think of that will prevent it from working and why it shouldn't be done with a Fernco.
BTW, I don't see how you weld a slip coupler on the casing on the inside of the coupler because the coupling shoulder sits on top the end of the casing and looking down the inside, you can't see the end of the casing. Post a picture of that for us.
And to weld the outside of the coupler to an existing/installed casing, you have to do 'overhead' welding. I'd like to see you do that without digging a hole deep enough for you to lay in or stand up in. I guess that's why the backhoe excavation.... I'm starting to think you haven't done much of this casing extension stuff.