Many reasons:
1. The diameter of the bushing is greater than the outside diameter of the piece into which it would need to be inserted.
2. Instead of cutting 3/4-5 internal Acme threads, I'd still have to cut internal threads that match the external threads of the bushing.
3. The cost of the bushing is roughly seven times the cost of the work piece (if purchased in moderate quantities).
Cutting internal Acme threads in the existing castings is the ONLY way this is going to work.
Here's the latest disappointment: I received a reply from Tracy Tool in the UK last night regarding availability of the 3/4-5 RH Acme tap I need. Unfortunately, the taps will not be back in stock for at least two months. That's truly a pity as Tracy has the taps listed at a very reasonable 22 GBP. I haven't been able to find any other source for the taps at such low prices.