That would be the option I would choose, whatever thickness you can get a good fit with a full wrap to keep it centered. Loctite doesn't grip oilite very well unless you remove all the oil impregnated in it, but knurling like wa5cab suggested would probably be enough to let the loctite hold itIf needed, I could wrap some 0.001" brass shim stock around the OD of the bushing to equalize the gap.
Might be easier to drill and tap down in the root of one of the gear teeth for a small setscrew to retain the bushing.
... There is evidence of the new bushing having been media blasted on its OD. ...
You mean like this? But then I would have to order a chunk of bearing bronze ($$$). McMaster-Carr has bronze bushings, but the OD is 1.750 -0.000, +0.001, not much help.If you had a working lathe you could just make a new bushing
Brass shim stock wrapped around the bushing will keep the bushing centered, and drilling the hole with the bushing installed, I could lightly drill a depression in the bushing so that the setscrew wouldn't have to be tightened down much. A little blue loctite on the setscrew, and done.I wouldn't try that. Considering the bushing as being rigid, the set screw will push the bushing off-center. And worse, compared to the gear and the spindle, the bushing is flexible. so after pushing it slightly off center, further tightening will distort the bushing where it is under the set screw. At the very least, knurling does not have either of those disadvantages.