Alan,
Bit of a difficult question as there are many ways to 'skin a cat', all depends on machinery available and the tooling you have to go in it. I am currently machining the cylinder for a 6" Savage, a casting (iron) and rather bigger but the principles are the same I would say. My plan of attack has been to mount the casting on the table of my mill (it has horizontal and vertical spindles) so at one setting I was able to machine the top face and the steam chest face. Translating that to your lump of bronze if you machine two flats at 90 degrees you then have datum faces to step off for the bore and the saddle radius and two flat surfaces for clamping. My current stage is now mounting it on a horizontal borer to machine the bore for the cylinder liner and then I can use the coordinate scales on the machine to step off to the centre of the saddle radius and machine that. I will then return it to the mill to machine the valve face, drill off the ports and the stud holes for the end covers and saddle.
Couple of things to consider – when you do the saddle radius you want to consider not only the diameter of the boiler but the thickness of any joint you may intend to use between the boiler and the cylinder. When you drill the stud holes in the flange make them a reasonable clearance – as you pull down on the joint any compression will result in slight movement at the extremities of the saddle. Too tight a clearance on the holes and the studs may bind and the joint may not seal.
I guess you don't have a horizontal borer but it can all be done on the mill as yours is quite a small cylinder, would help if you have a boring and facing head for the spindle though (rather than just a boring head). You can do it without but the facing function makes life a bit easier.
Paul.