There are plastic adapters that go the other way...from 4-7/32" to 5-1/8". You will have to modify the base to fit the Holley. Or go paper element with a 57-up air cleaner.

I have an oil bath air cleaner off my 1954 Monarch 256 teapot 4bbl carb. I have installed a 292 with a holley 4150 4bbl in my car.  Has anyone ever located an adapter that will entertain the  oil bath air cleaner onto the Holley 4150 4bbl?
Bert