Alan, I have a 36" long piece of 1.5" thick CR11/14 that I thought I could use but the problem is ,it's hex shaped but I need to remove 1/4" from it anyway to get it close to the desired diameter for the arbor, it is very nice to machine with my mini lathe/mill, so far that's all I have used in steel, the rest of my projects are all Aluminum, I have not tried stainless steel or tool steel or any other harder materials with these small machines.Ken, I would suggest you buy some decent machining material. There's lots of turning, facing, and boring going on here and finish is very important.
Edit: missed your post above where you mention Stressproof
Thanks Mike for the link ,(It's worth having a piece like that around if the price was right or if the seller would ship to Canada). I already have started machining my CR11/14 and loved how fast I got rid of the hex edges,it machines very nicely even with a small lathe. I used my HSS grooving bit for interrupted cut/ roughing, it worked very well but will use the carbide for most of the project .Ken, hidden inside this reasonably priced 1.5" OD piece of 1144 is your arbor: http://www.ebay.ca/itm/1144-RD-CARB...326831?hash=item48a48ca82f:g:d1AAAOxy8F1RFcUe
1144 machines nicely. Your inserted carbide tools will cut it, as will your square tool. It bores nicely with an inserted carbide boring bar and drills and taps nicely as well. If you rough at lower speeds you'll be fine. If you finish at the highest speeds your lathe will run at, it will give you a really nice satin finish. Easily one of my favorite steels. Try it; you will like it.
There is also a new one on ebay.ca right now that is selling for over twice what a new one costs in the US: https://www.ebay.ca/itm/Sierra-Amer...560948?hash=item2131640bb4:g:MikAAOSwk~NZ074k
See here for a new one. They might ship to Canada - maybe call or email: http://www.tool-company.com/shop/ge...rra-american-gen-purpose-reach-arbor-sa-1000/