Nicholas, I admire the skill of your contractor. I suppose I could grind a hole reasonably round in 1/8" thick stock, but some of the pivot bores are in considerably thicker stock – and they have to be co-axial with the hole on the other side of the rod or cylinder. Rather than building up the walls of the worn hole, I was thinking of welding in a 'tube' – like a very thick-walled bush. Lower skill level required!
NDIY, good idea. The trouble is that the pin should have an anti-rotation snug (or whatever), and, whilst I can machine the pins, getting them heat-treated just adds to the expense and hassle. It all starts to get difficult…
Having looked at the thing in more detail, I think that the loader offends me so much that I just don't want to spend the time, effort and money on the ghastly thing. It will always be crude and ugly. There are more important and urgent things to attend to, let alone the things I'd really like to do. As a friend sagely pointed out, one's time may be running out far more quickly than one's money, so buy your way out of hassle, if possible. Well, I'm terminally tight, so I think I'll do a bare minimum lash-up fix, cross my fingers, and walk away, whistling.
Thanks again, everyone, for your ideas – all appreciated.