One word of caution here, some valves are sodium filled and if cut, could explode on you. At least, that's what I've been told.
I've seen an example of a boring bar made from a very large valve about 1-1/2" diameter x around 40" long. They claimed it didn't vibrate or chatter when using it extended out 3 foot! I have a hard time believing that since the modulus of elasticity is constant in steels. With a 3 foot bending moment with a cutting load, the end of the boring bar will deflect a bunch! Say by about 1/4" or more!