A lot will depend on how accurately you can place the holes in the two castings.
I would machine the bottoms of the castings first then hold them laying sideways with the foot against the mill vice’s fixed jaw and form the holes in both without moving the vice. This should ensure the two holes are the correct height above the feet. Lastly add the smaller holes to bolt them to the base.
Assemble with a piece of 3/8″ silver steel through the pair and work your way round nipping up the fixings and you should have a shaft that will rotate.
For doing the actual hole at 3/8″ I would probably not bore so it would be spot drill, 6mm (1/4) and then reaming size of 9.3 (23/64) then ream with a machine reamer, though a hand one can be driven in the spindle if you take it slowly.
If you do find the holes are tight then a hand reamer is better as that has a tapered lead in but allow for that in the O/A length of the flutes. Failing that a piece of silver steel cut and filed at a shallow angle of 20-30deg and hardened can be worked into the holes and will take a little off if tight, the bonus is the rest of the length of Silver steel will act as a guide.