https://upload.wikimedia.org/wikipedia/commons/7/77/Mini-rou...
It seems like most of the examples on the mini roundabout page‡ are larger mini roundabouts for some reason though
‡: https://wiki.openstreetmap.org/wiki/Tag:highway%3Dmini_round...
Now if you convert it to a mini roundabout, you can have at least two vehicles in the intersection at all times. I fail to see how it wouldn't be an improvement.
https://maps.app.goo.gl/7KBhbJ9oAvDwrfGN8
So notice we already have problems in a bad alignment of 3rd, and 65th is basically a steep grade, even coming up form the west. I think you could put a circle in if it were flat, even with the bad alignment (or maybe because of the bad alignment), but this hills make a non-starter. It also gets enough traffic that I'm pretty sure they are just going to put a stop light up eventually.
Here in the UK, we've got lots of roundabouts from tiny mini-roundabouts (some of which have four junctions) that could easily fit almost anywhere, all the way to gigantic multi-roundabout junctions (https://en.wikipedia.org/wiki/Magic_Roundabout_(Swindon) ).
I can't think of a situation where it's more efficient to have four vehicles all stop at a junction (busy four way stop) vs a roundabout which will allow one or two vehicles to join the roundabout without having to stop.