Go into millturn/bar feed mode. Turn od, and ID and rough part off thickness, but not all the way to leave them in bar form while you drill the radial holes. Then take them back to the lathe and finish parting them off.
One problem with this is the other lathe machining required before parting. This is solvable but not ideal if the stock is removed from the lathe before reinstalling for parting and the other operations.
I'm not saying radial holes are better than axial, just offering the way to do it. IMO it would be MUCH faster making them like that, than one piece at a time with axial holes. Cuts down on indexing time drastically as you can get all the rings done in one index.
There is zero indexing required if a center mandrel is used on the rotary table. Just slip the ring over the mandrel, clamp, and go.
Depends what stock you are starting with though. Not all of us have a big chunk of AL barstock with the parts we need hiding in it. Sometime I find the parts I need in a few different shapes and sizes, so I have to do them one at a time, all by different methods. Working at home, is much different than at work lol.
That's a problem no matter what approach is chosen. In fact, that was the main reason for the difference between what
@thestelster did and what I did. He had flat stock, I had big bar. Without that driver, I wouldn't have even posted. So your comment is spot on!
I'd also add that your proposal wouldn't work at all with flat stock.
Another problem we have not talked about is the screw interference that results from using radial screws. As the holes converge going toward center, they will interfere with each other. I think my 18 holes was already marginal in that respect. But if the balance is close, you could always go to 12 or 10 or whatever holes.
I think the big takeaway here is that there are many ways to skin a cat. None are right or wrong. It's whatever works for you, your machines, your skills and experience, your stock, and even just your outlook on the task.