Plain and very close fitting if you make shoulder bolts. Adjustable reamers can be a mixed bag in my experience – not all blades cutting at the same time. I suspect the bolt or sleeve diameter could be adjusted over rather a wide range to suit a reamer that happens to be available especially going smaller.
Reading Harold's article I suspect I would add some dti tests in places to make sure the way the parts are mounted isn't causing problems before actually machining. There will be edges etc available for that where needed.
John
–