@dany_rochefort
I took drafting way before there were computers and the manner in which we learned to draw the intersection of a cylinder and a plane was as you outline. As no freehand drawing was allowed we used French Curves to ink the curved lines to get a clean results. For the youngsters out there who never had manual drafting, here are some French Curve templates.

The ellipse you show is straight on to the plane of the ellipse, its true shape. Unfortunately, this is not what needs to be draw in the OP's isometric drawing. What is needed is the projection of the ellipse as viewed in an isometric drawing to the viewing plane. As a result, the major and minor axes of the correct ellipse are not coincident with the centerlines of the ellipse's bounding parallelogram. As noted in my post (#9), the angle of the major axis from the edge line of the plane is about 13.9332°, the semi-major axis = 0.9185, semi-minor axis = 0.7316.
Since the deviation between the correct ellipse and the approximate ellipse you offer is small, it's close enough for an isometric drawing and most users would be satisfied with it.
Creating a 3D solid CAD model is the best way to go if you want a more precise and accurate isometric drawing.
To create an isometric drawing from a 3D model use rotate3d to rotate the model by + or - 45°about the y axis and the + or - 35.2644° about the x axis. Scale the result by 1.2247449 (i.e., sqrt(3)/sqrt(2)) and then use flatten.
lee.minardi