Measure your rod with a mic. If its consistent at multiple points around its circumference, and along its length, then reaming is probably the best. Drilled holes are rarely straight, especially one that is 2" deep. If the hole isnt circular, or changes direction midhole, then you will need to take heaps off the Ti rod to make it a nice fit and slip in 2". But then it wont be a nice slip fit anyway.........
Cheers Phil