If you are going to use dowels to lock a bush in place, once you have chosen the material for the dowels, in this case 4mm silver steel rod, drill a test hole in a piece of scrap and do a trial fit because all drills make oversize holes. 4mm was too big, 3.9mm just allowed the dowel entry so I settled on that.
Next job was to clean up the face of the bush so that it's level with the wheel. Both sides done and while I was at it I trued the rim on one side, for some reason it was wambling a bit. This was the time to do it!
Next job was to drill two 3.9mm holes on the joint between the bush and the wheel. I had got the fit a bit too tight. OK for the first inch but then too tight to drive in any further. No matter, the dowels have plenty of hold and the holes can be on the back side of the wheel where they won't be seen. Than I popped the flywheel in the chuck again and faced off the bush again to get rid of the remaining heads of the dowels after I had sawn the excess off.
Next job was a careful re-measure of the shaft and settle on the target bore, in this case .621". Then drill out to 9/16" to give room for the boring bar and leave a couple of light cuts with the boring bar.
Then two light cuts, each of them with a reverse spring cut rather than just pulling the bar back. After the second I measured and found I was .001" short of target. Not surprising with a lathe this old, there is always a bit of play in the fit of the saddle and this makes a difference especially if you reverse the cut. My last cut was .0005", a bit of an achievement with a lathe of this vintage.
I dry fitted and found that even though my measurements were spot on the wheel was a touch tight so I polished the end of the shaft with emery strip until I knew I had an exact fit. The bottom of the flywheel clears the surface plate so I could fit it now knowing that the base board won't interfere with it. I cleaned the bore and shaft with brake cleaner, dried them with compressed air, put a coat of Loctite 638 on and pushed it on, it was tight but an exact fit and I could do it with my hands, no violence needed!
This is where I should have been on the day of the disaster! The wheel is perfectly concentric on the shaft and will run nicely. Tomorrow I'll fit the base board and have a trial run! Always an exciting moment and you know you have earned it!
On the whole, one of the better mornings!