I've tried it two different ways now; I think I like this method better:
https://home.comcast.net/~rhodes/Tech_Carb_Bushing_Reaming.pdf
Except turning the reamer by hand was such slow going that I chucked it up in the drill press (already installed through the carb body) and let the press turn the reamer. It also took me a couple of tries to get the right angle on the back edge of the reamer teeth, so they would cut and not just slide around.
(Obviously I used two hands for the actual sharpening, but had to use one to hold the camera for the photo.)
Here's a similar approach
https://www.chicagolandmgclub.com/driveline00/1001/jasw.html
And another good write-up
https://65brick.blogspot.com/2009/04/carbs-part-ii.html
The previous time, I used a method somewhat similar to the one outlined by Moss
https://www.mossmotoring.com/rebushing-su-carburetor-bodies/ except since I didn't have a lathe at that time, I set up a center under the drill press and used it like a (vertical) lathe. Kind of tricky holding the carb body perfectly lined up (even with help from the center) while at the same time operating the quill (which would be the tail stock with a real lathe). The first hole wound up significantly less than perfect, but still usable with some Loctite and reaming afterwards. The others were OK.
The finish reamer I use is not made for this purpose, but I believe is an old valve stem reamer. I've forgotten whether I got it at the local "Aero surplus" store, or found it at an estate sale. The shank is very slightly smaller than 5/16" (about .308") so I use that as a pilot through one bushing to ream the other bushing. Next time (if there is a next time), I may try buying some drill rod (or HSS stock) and making my own. That should be an entertaining disaster
Drilling the new shafts in just the right spot and at the right angle was the hard part, for me. Still haven't gotten that one quite right! It appears to be important to locate the pin such that the throttle plate can be centered with the lever firmly against the side of the body. I managed to leave a gap there the first time, and over time the throttle plate wore a notch into the bore deep enough to cause it to hang up on the notch. And if you get the angle wrong, you either cannot set the idle down (the lever hits on the stop), or cannot open the throttle all the way (the fast idle screw head hits on the carb body flange).
Oh, FWIW, I'm experimenting this time with bushings from MMC that are graphite impregnated instead of oil. Maybe they will last longer, maybe not.
https://www.mcmaster.com/?m=true#catalog/121/1163/=xke8h0