Hi Barry,
Great to hear your making progress on the Hubbard.
Normally I would have turned and drilled etc. the flywheel on the lathe.
Then re mount in 4 jaw chuck and after indicating exact center of the crank
shaft hole I would move carefully off center in one axis the required offset for the eccentric. However, since I used the mill for machining the flywheel I found it was real easy to re center and dial in the offset amount and "turn" the eccentric diameter. I've got to admit that after doing things manually before, cnc really makes certain jobs a whole lot simpler.
Don't get me wrong, I am new to cnc so a lot to learn. But having the various programing wizards available opens up a lot of new ways to machine.
Another method that I used one time involved the use of a rotary table.
Using on the mill I would find center and move over the required distance then setup that as my new center. Then just a matter of offsetting for the diameter of the eccentric.
Wow, I am getting long winded here hope I'am not confusing things too much.
The oil grove allows for lubrication of the bearings and crank shaft. I had an old inside groove cutter that I used to "scratch" in a grove along the inside of the bearing maybe 1/2" or so while still in the lathe. Just locked the chuck and went in a few thou. at a time till I got a little groove for oil to make its way between bearing and shaft.
Hope this helps a little. Anxious to see some pics when you get a chance.
I'am sure there are many others here that can give us some more guidance as we progress.
take care,
Bob