After following some engine builds, primarily by Terry Mayhugh on the forum, I purchased the same 45-deg multi-flute (chambering?) tool from Brownell in USA. I machined a new center pin. One end snugly fits inside the cutter body, the other outboard end acts as a guide, sliding within the valve stem hole of the cage. I practiced making seats on (many) dummy cages when I was getting familiar with vacuum testing & trying different cage designs.
Then an interesting thing happened. I neglected to consider that the protruding lip on underside of head (which fits into the top of cylinder) in combination with the valve angle, would have prevented me from actually cutting the valve seat once the cage was installed. The tool body OD was a bit too big. So, despite my initial plan of cutting the seats after the cages were installed, I was back to cutting the seats before installation, vacuum testing & hoping they would not distort & compromise the seal.
So, my procedure was to paint the valve cage edge with a Sharpie marker along the virgin 90-degree corner, insert the cutting tool into the stem hole. I found it best to hold the assembly upright so only the weight of the cutter is acting on the seat. With a feather light touch, rotate the cutter by hand, kind of backing off at the beginning end of each rotation. There are more than a few ways to mess this up, but pressing too hard is the biggest no-no. If the cut ever starts looking like a superimposed mini sine wave ‘chatter’ pattern, that’s usually a bad thing. The cutter will then start feeding on this pattern & get progressively worse. I have not found a good way to restore it at this point other than using something like the lapping tool to try & flatten the hilltops & start again. The trick is to catch it early, but more ideally, try hard not to do it.