I doubt you could come up with anything better than you are thinking about, sintered bronze bushings and hard stainless rods.
You will have to be very careful to get the holes you press the bushings into parallel and concentric and use a threaded rod with some washers to pull the bushings into place so they go in straight. Also you will have to make sure the fit on the bushings is not to tight so they do not compress down too small for the rod; it is difficult to ream these bushings to size.


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