Done! A bit later than anticipated, mostly due to work - there was I hoping for a quiet week, but oh no. Complete chaos...

This is, of course, the second one... the first one suffered a massive tool crash (biggest one for me yet) which destroyed a tip, damaged the tip holder, damaged the QCTP holder (fortunately, the main QCTP survived), and bent a foot of 30mm steel bar such that the runout was approximately an inch. The cause? Easy; when going from a surfacing to a facing operation, I forgot to change the apron gears, so when I engaged the drive, the carriage pushed into the work instead of across it... Seeing my error immediately, I went to disengage but accidentally pushed the lever too far, into screwcutting mode... well, at 400rpm, it didn't take more than a second for all the damage to be done. By the time I hit the e-stop, the lathe had already stalled.
Fortunately, all the damage was easily remedied, except to the work piece. I did try to carry on (after straightening the bar as best I could), but the central hole ended up off-line, hence having to make the second one. Anyway, the 2nd one looks better IMHO, and is definitely holding a tighter tolerance to dimensions, and it only took around 1/4 of the time to make... Next time, I'll make a practice piece in ali first...
I'd also like to hat-tip Bogs at this point - your suggestion of using a home-made drill extension to turn a 4" blacksmiths drill into a 8"+ deep-diving beastie was an excellent one. It worked a treat, once I'd ground the back end of the drill down a bit.