I guess it comes down to if you mill a 1” boss and measure all around the dia is it close enough for what you do? With that said I agree with your comment bearings might be wise and they are not very hard to do.
Yeah those bolts should be checked that could also help out a bit. Be careful though in that they are tiny and snap easy which happen to me then I had to drill it out . I was amazed that all the bolts involved where so small. 6 to hold the nut and 4 to hold he nut housing. I think they where only 4mm if I recall correctly.
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