Hi Charles
As I see it you probably need to make a boss on which to mount the alloy 12 inch disc rather than a simple bush. IMHO the disc needs proper support to run true and the sanding forces at the perimeter would be too large for a simple bush and I think the 0.06 run out is to be expected without adequate support.
IMO the boss for a 12 inch disc should be several inches thick to make maximum use of the motor’s shaft length. Step the bore as necessary but ensure it is a good fit on the motor shaft. Having bored the boss make turn a dummy shaft and without removing the dummy shaft mount the boss and turn its out side diameters and face off square on the large diameter end that forms the support for the disc. test run.
To centre the disc on the new bush make a stub alignment bush that is a good fit in the disc and the new bush. Drill the disc and secure to the boss. I assume the alloy disc is a minimum of 12mm thick so you could use counter sunk screws of at least 6mm thread. Clamp the disc and boss together when correctly centred and drill for the securing screws. If the alloy disc is thinner than about 5 mm you may need to make the boss larger in diameter to add to the rigidity of the disc if you are going to use a heavy sanding pressure but the motor does not have enough power for sustained heavy sanding at the edge. You may have to trim the disk on the mill as a last resort.
The boss should be and 4 to 6 inches in diameter reduced to around 1.5 inches to permit three 6mm grub screws to be placed at 120 degrees to secure the boss to the motor along with the use of Locktite. Make sure you have left 12 to 20 mm thickness on the large diameter on which to mount the 12 inch disc. A disc that comes free during use is not a nice workshop companion! Hence the locking screws and Locktite after a brief trial run.
Secure the alloy disc to the boss using the dummy motor shaft which can protrude through the disc to help ensure centring is correct. Use c/s screws to secure 6mm dia along with Locktite between the two flat faces. Suggest you make the c/s heads recessed and fill with twin pack Araldite and sand flat. Also fill the centre hole. Secure sanding discs with Cow Gum or similar.
Try and make all screws symmetrical and use three or four as this will tend to make balancing less critical. Check that the motor is not going to spin the disc too fast 1,400 rpm is OK but 2,800 is too fast for a disc of this size. A one horse motor would be nearer the mark for a 12 inch disc and 1/2 horse may limit you to light sanding or fettling but would still be useful.
Hope this helps Regards – Pat
Edited By Pat on 09/07/2011 22:12:19