As to your original ?. You don't really want a polished, slip fit finish, on a bearing shaft. The inner race should be a relatively firm fit so the bearing is doing it's job, and the inner race is not just turning on a polished shaft. As to turning a smooth finish, that is mostly about a function of tool grind, and setup. As outlined above, using various forms of grinding, sanding, and polishing, truly beautiful finishes can be achieved when required, and don't get me wrong, I loves me some shinny stuff. Mike