I made a new spindle for my Herbert 0V, used tapered rollers rather than the ball bearing arrangement. I made the new spindle with a 4 morse taper. I think that is better than the R8 taper, a better (more rigid) connexion between spindle and cutter/chuck and no weak key. The 4MT allows larger milling cutters and drills to be used, something the 0V is quite capable of using effectively.
Getting back to machining a new taper into the spindle, its hard but not hard enough to trouble carbide tooling. Problem will be the size of taper. 3MT is too small, the bore of the spindle is too big. A 4MT would be too big, spindle not big enough in outside diameter. The attached photo shows this. (Herbert spindle [bottom half!] on the left, 4MT on the right). A new spindle is thee way forward.
Whatever taper is chosen, I would finish it on the machine to ensure absolute accuracy. Assemble the spindle into the head, clamp a boring bore vertically on the work table. Tip the head over to the half the taper angle. Lift the worktable to machine the taper.

Anyone interested in buying a Herbert 0V? PM me.
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