Since there was some questions on mandrels for cutting the base I figured I'd go over how I like to make them.
This is for the 53mm bore (2.085") so I started with a 6" long 2.25" diameter chunk of 6061 T6 aluminum. I cut the end flush and skim cut the surface where it will ride in the 3 jaw for the rest of it's life. I do this so I know I'm clamping on a concentric, flat surface as the raw material surface can be out of round and not exactly flat. I also put a healthy radius on the back edge to keep it from getting caught up in the chuck when clamping and prevents getting a raised edge from misshandling.
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Then I flip that around and chuck it up, give it a good wiggle as you tighten the jaws so it seats in as true as possible. Then mark jaw #1 so I always put it back in the chuck the same way. Since I have my lathe, jaws and mandrel all marked I'm able to chuck the mandrels back in and bump them out to practically 0 runout across the whole surface.
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Then I cut to the bore size -0.0005", don't forget to let it cool back down to room temp before your final few cuts. Then I under cut it so you can cut the base or skirt extension all the way to the bore, usually around 0.2" diameter will be enough. I also like to machine the end with a 1/4-20 center tapped hole and a slight recess.
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That's because I like to put some 80-100 grit sand paper on the end for traction. With the paper I've been able to take 0.02" cuts on the base, but not on a large diameter, interrupted cut like these 585/592 cylinders... I'll stay below 0.015" cuts.
The sand paper also works great to clean up a squish band, remove some debris damage or just check how flat one is by the witness marks.
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