In the past I machined the glands thus, grip spigot in the 3 jaw chuck and take a clean up skim,
then drill and ream to size, mount on the end of a short piece of brass rod with Loctite, the diameter
and face can now be turned.
If the lathe speed is now dropped to its lowest a smooth file will clean up the ellipse edge, with care
of course, If you know your lathe centre height the gland can be set by eye and your height gauge
set at lathe centre a line can be scribed across the gland, then turning the chuck thru 180 degrees
scribe with the height gauge set to the hole centres.
I hope this helps,
Bert Ashton