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Watching lots of AvE, This Old Tony, Stefan Gotteswinter etc recently has filled my brain with many lathey thoughts.
Been trying to work out the viability of a completely DIY lathe based on the plenty kW IPM motor from a Denso ES27 aircon compressor vs just buying a chinesium 7x12 lathe and learning how to finish the ways properly.
Yes, that has been discussed before and that is more or less the order of operations. They actually start with tube stock for the last few batches, and the 1" stock ID gets roughed out with an insert drill first. You can actually get an insert drill that's exactly the finished size, but I don't know whether the shop has one or just uses something close and finishes the bore to size in the face grooving op, which would be perfectly feasible without switching to a boring bar since it's only 1mm deep.