This die guide design has been inspired by Gerhard. Thank you Gerhard!
A while back I was enlightened (by Bogs) as to the difference between a carbon steel dienut and a high speed steel die. As a result of that I have obtained some smaller inexpensive dies for some of the projects brewing in my head. Now it is time to get to work and make a die guide for my little lathe.

So, first I chuck some 1.25" aluminum stock in the 3 jaw (I faced the end the last time I cut some stock off) and center drilled the end with the help of a steady rest. Once that was done, I set up the tail stock with a live center and took a few thousandths off the surface to clean it up.

Then, again with the help of the steady rest and a carefully aligned cut off tool, I parted off 2" of stock. I'm not sure if I want to make the guide that long, but I figure that I can always part more off later if I want it shorter. As for the 2 inch length, I figure that is about 3 fingers on one side and a thumb on the other side.

Next, I switch to one of my favorite chucks - the four independent jaw. This will allow me to center it with more precision that the self centering three jaw. What I like to do to get the part centered quickly is to use two socket head wrenches on the chuck. First I center it by eye, then I use my $10 DI with a little indicator holder I made and finish centering it, still using two allen wrenches. Once you get the hang of this it goes really quick. (I still remember the first time I did this with one allen wrench and not being sure of which direction to go to reduce the runout. One of the nice things about using two wrenches is that you can watch the DI needle move as you make the adjustment.)

Once I had the part centered, I center drilled it and then drilled to 5/16. (Sorry, didn't get any photos of that.) Time to bore for the Die. According to the directions that came with the boring tool, I need a 1/2" hole to use it. I carefully zero the DRO Z- axis to the end of the part and zero the X- axis to the far side of the part. Then I divide the diameter of the part by 2 and advance the cross slide (X axis) to that number and zero the X axis again. I should have the bit zeroed on the center of the part, so to check this I advance the boring tool about .020 (the cutting tip has a .015 radius) into the 5/16 hole I drilled in the center and bring the cutting bit to just touch the edge of the hole. I read .1565 on the DRO X axis. About right, the radius of 5/16 is .15625 and the drill may have oversized it a bit so I should be close enough to bore with the DRO setting. So that I can remove the bulk of the bore material with out going over I like to mark the end of the part with the cutting bit a little shy of the final dimension so that I can work away without having to worry about boring over sized by mistake. I plan the bore diameter to .814 as the dies measure .810. So I back the cutting bit out of the part, advance the cross slide so that I read .400 (less than half the final dimension) and make a .003 cut in the end of the part. Then, cutting bit back to the center of the part, adjust the Z axis for a .010 cut and cut till I reach the .400 mark on the part, making sure I stop and reverse the cross slide at .400 on the DRO to bring the cutting bit back to the center. The depth of the bore I want is .250, so I repeat this 23 times, saving the last 0.020 of depth to finish after I get the diameter to .814 So, a couple of finishing cuts on the bore, and a couple finishing cuts on the depth and I get a nice .814 diameter bore .250 deep in the end of the die holder.

Here with the bore complete:

Here with a die slipped into it.

That is as far as I have gotten today. Next I am planning to cut small flutes down the outside part for grip using the rotory table and maybe a .25 ball end mill. (My knurling tool is too small for this part.)
More to come...
Russ