Mechman48:
I would not recommend using sintered bar if you need to machine what will be the bearing surface, as the cutting action is likely to burnish the grain closed, so rather defeating the object. It is however possible to buy sintered-bronze bushes, and there may be a size available to suit (or so close you can modify the diameters without compromising the engine as a whole)..
In full-size, the eccentric sheaves and straps were usually both of cast-iron. Mild-steel and cast-iron and happy together too, with good lubrication: my old IXL lathe countershaft used this pairing, as does my little EW lathe headstock.
I've an idea mild-steel and phosphor-bronze are not so, with the steel wearing more.