I think I would start by lightly filing the top end to give a flat surface for marking out on, swing 4 arcs of approx half the diameter in from points around the edge and then place a punch mark where the middle is likely to be much like whats shown in this image
Now holding the casting by the flange in the 4 jaw chuck get the bottom and top punch mark to run as true as possible then at a slow speed drill with a ctr drill. Bring up the tailstock for support and turn the top parallel section to 1 1/16" and lightly face the end as far in as you can reach without hitting the tailstock ctr.
Reverse the casting around and now gripping by the top parallel section ctr drill the bottom end and again bring up the tailstock ctr for support. Face the end and then the outside of the flange followed by the 31/32" collar. Then taper turn the outside.
Remove the tailstock and fit the fixed steady to run on the 31/32" diameter to support the casting while you drill it out to 3/4".
Reverse the work once more so you are holding by the OD of the flange and set the fixed steady to run on the 1 1/16" top section. You can now bore out the inside to the correct taper.