For the life of me, I can not imagine what is making this so complicated???
Buy the "kit" from the guy on ebay, knock/grind/cut the old ones out, take the frame, the new bushings, and a bolt that is big enough to hold the bushings in place to an independently owned body shop shortly before closing time... Any of the guys at the body shop would be more than happy to weld the bushings in for $20.00
Once the bushings are welded in place, use the bolt to mash the channel back together so you get a good fit on the axle.
Boring the hole in the axle is simply begging for trouble!
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