I was given a little 5 speed Chinese drillpress today. The motor is smooth as silk, the bearings and pulleys are all in great shape, it just needs a spindle shaft. Hey...I know a machinist...maybe I, er, HE can make a shaft!

Step ahead an hour. The drillpress is broken down to component parts. Lots of hardened grease everywhere. The spindle bearings are soaking, I have a piece of 1/2" drill rod in the lathe, turned down to fit the aforementioned bearings. The other end of the aforementioned shaft is the root of my quandry. In cross section the shaft has to look like this:

I presume the shaft is (was) solid, broached out of a larger diameter so that the keys are cut rather than applied later. Remember, Chinese 5 speed, not high precision. The keys are only .112 wide, rather on the small side to try and cut and then attach to the shaft. I only need 3 inches of total length keyed. Here's my idea.
Now that I have a working h/v rotary table I thought about drilling and tapping a series of holes down the side on the shaft, rotating 90* and doing the same but staggering the holes on 1/2" centers, then repeating for the other 2 rows. After LocTite'ing in screws I would come back and mill them to width and depth. This has to be a slip fit.
Think it will work? I have nothing invested but time, and if it can't be fixed I still have a nice little motor and a lovely base and pillar for a tapping fixture. I'd rather have a small drillpress though...
