Thanks all, I decided to shake my piggy bank upside down and buy a live centre. I think that's the most sensible option since I'll see myself using it a lot. I decided on method similar to what I had in mind originally. First I turned some mild steel down to the ID of the hole in the stock, it's a locating fit I would say..
The portion of the round stock turned down is slightly shorter than the depth of the hole it's going through
Then I took a scrap piece of aluminium, used my centre drill to put a (notch? Divot?) in it to locate the centre. I figure if I locktite all this up, the mandrel and the aluminium disk, and use the live centre to apply pressure to the part against the shoulder of the mandrel I should be okay?
In this setup I can't see the mandrel actually resisting any forces, so it's acting more to locate the work on the chuck and not in my face should the clamping action of the tailstock fail for any reason.
I haven't locktite anything yet, I'd be interested to hear if you think this setup will be rigid (and safe) enough
Edited By Matt T on 20/07/2023 17:20:19