woah! the epoxy thing should only be a VERY last resort, just prior to making your own drawtube for the tailstock!
--it is impossible to align the newly minted hole to anything like accurately in line to the bore.
With that much material to take out, just reaming it won't make the hole concentric or aligned. it has to be removed, chucked up in a 4-jaw, accurately bored then reamed.
The gun guys have somehow promulgated the myth that a reamer is a cutting tool. (ref: via chamber reamers). this has never been true - but some guy guys don't mind working with dull tools and have misaligned chambers. Even a chamber should be bored first then finish reamed.
Even coarse/fine reamers are finish tools. You cannot properly cut the hole to be true with them. As a temporary fix while making a new drawtube, yes it will be sort of close, but never to tenths.