I have a boring head, but I needed it to be at least 5" long. My goal was to mount the Auxiliary Base to the Main, bolt them down to the cross slide together, and then bore straight across to guarantee alignment. At lease as aligned head stock and bed.That is interesting. I assumed you were going to use a boring head. That would allow you to dial in the exact hole size. If you don't have one you may need to make one as a preliminary project!
Robert
otherwise, there is always 'line boring', where you put the boring bar between centers, and it has an adjustable piece of HSS sticking out the side of the bar (near the middle). Then you bolt the part to the cross-slide and bore that way. I saw it once in a cylinder boring for a model steam engine.
The kits I've seen put a screw behind the piece of HSS to advance it: http://www.hemingwaykits.com/acatalog/_Tidy__Between_Centres_Boring_Bar.htmlInteresting. But, would it be possible to "dial in" the proper diameter?