How easy would it be to bend a perfect circle in 20mm conduit with a manual pipe bender machine?
It would not be possible. The best you might get is two individual, separate bends just over 180 degrees, but full circle, no.
All conduit benders use a former, so whatever bend you get will be the radius of the provided former. You can probably look up (or go to a local multistorey carpark and measure) what that radius is for 20mm conduit but it will be smaller than 200mm.
Look at a picture of one and think about what you see and how you would proceed. You need a straight length projecting from the end of the conduit to hook under the part that resists the bending force. Once you have pulled the first 90 or 120 degrees of the bend, how do you slide the conduit forward to hook back under that part to pull the remainder of the bend?
https://www.angliapipetools.co.uk/p...bender-20-25-mm-hilmor-el25-parts-compatible/
For a full circle, a 3 roll bender is the tool, and you need to buy wheels for it that accommodate 20mm diameter material (the 3/4" ones below would probably be OK).
https://stakesys.co.uk/rb38-3-roll-bender
If you have more time than money, you could copy that one using some 3D printed wheels, some bearings and a scissor jack all mounted between two stout pieces of wood (e.g. kitchen worktop offcut). I have also seen pictures of someone mounting two rollers to the bed of a milling machine, using the spindle as the third roller and the Y-axis to put on the squeeze.
I would be tempted to cut a plywood circle a bit smaller than the ID of the finished ring, fill the tube with kiln dried sand (ends capped) and pull it around the circle, restraining it from lifting as you go. You will need to go maybe 125% around the circle as the two ends will not bend.
Edit:
https://www.smythstoys.com/uk/en-gb...ts-basketball-hoop-wall-mounted-45cm/p/233755
Hacksaw off the excess and file smooth. I think it could be 450mm.