@IanT
As I said it the shaft that goes in the hole is of fixed size so I can't go with Tim's method for now.
Regarding the adjustable reamer, if I need it only for this hole and set it up by trial and error as you said then theoretically I can leave it like this and use it only for reaming that hole for a tight fit right?
@JasonB
That was my solution in the beginning and I contacted mcmaster carr in the US and they told me that they will not accept my orders due to US export regulations which is very strange.
@JohnF
I will be more descriptive. So I am mainly drilling and rimming 6al4v titanium and stainless tool steel. both of them have a 1/4 hole and another 5/32 hole. Each hole is for a different part. The thickness I am drilling is 1.5mm to 5mm max.
Right now I am using a carbide reamer and I am guessing that your ideas refer to an HSS reamer. Can you give me some info or resource regarding stoning a reamer and about the jig that you are referring to?
@Hopper
The design with my current set up is not possible to be changed to metric unfortunately because I am buying some parts from the US which I can't make yet. I will check out the dowel pins. I was also considering of going to a machining shop in my area and ask that they make me one but I am not that sure of the accuracy that they can achieve.
@XD351
I didn't know anything about toolmaker's reamers, theoretically they would work but I am guessing I will need to find someone to make them.
@Everyone
To sum up, to achieve the tight fit I need on the aforementioned materials I can only mess with the hole and not the shafts. I cannot buy undersized reamers from the US because of some stupid reason about regulations so my only option is to get something from the UK if I can find.
If I can't find that then other ways are to get an adjustable reamer and by trial and error set it up ones and keep it that way. Or I can buy HSS reamer stone it or run it through cast iron. Lastly I will contact the shop mentioned about sizes.