Got a little more done on this today.
I got started on making the bearing blocks. I took some square brass bar and chopped 4 pieces off it. I put the 4 bits in the vice on some parallels.

Now, I know that all 4 pieces came from the one bar, but I wanted to make sure that they each would be clamped tight so I put 4 little thin pieces of ali, one inbetween the moving jaw and each block. Then I tightened up the vice as tight as I could, and gently flycut the surfaces.
After a while I ended up with this,

Then I set up my very delicate and expensive vice stop, and after marking up the bearing blocks I set about center drilling and then drilling 4.8mm and then 5mm, all 4 blocks.

Resulting in this,

Now, getting impatient I carefully deburred the holes and whipped out a length of 5mm stainless rod and, aligning the blocks, I quickly shoved it through and immediately tried to turn it. Imagine my joy to find the rod spun freely....... But hang on, it spins a bit too freely

And it kinda wobbles a bit too

I immediately double checked the drill to make sure, yep it was 5mm. Then I checked the stainless rod with 1st calipers and then my digi micrometer,

My next move is to get some 5mm silver steel, and then check the bearing blocks. I guess I can make up the baseplate in the meantime. Oh well, just goes to show that you can't always trust 5mm stainless to actually BE 5mm.
Tim