I pulled the arbor out and gave it the file test The draw-bar area was not hardened so I decided to do the mod.
Dont know what the heck I was thinking, I got flustered trying to find a 17/32 drill bit. After stomping around in the heat I said "Screw it, I'll just buy another one", Then it hit me they're not only $19.00 it'll take a couple days to get here.
Realizing that 9/16 is 18/32 I decided to just go for it. Now this whole time Im flustered and worried and I grab my 9/16 drill bit and my cordless drill and keep asking myself if Im sure I want to risk ruining this arbor. Keep in mind that it's very hot and I dont do well in the heat. Deciding to go for it I pull the trigger and start drilling.
Im checking to make sure the drill is straight to the work and keep checking my progress when it dawns on me...... I have a lathe. Wow. Haha.
Took off the 4 jaw put on the 3 jaw, ran the arbor in tightened her down and drilled out the old threads.
Then I put a 5/8-11 tap in the drill chuck, set the old lathe on her slowest pully engaged the back gears and ran the tap into it, Presto! (ok it was a little more than that...)
Cleaned it all up reel well, insert the arbor, tighten the draw-bar and it works! I LOVE having the right tool for the job!
Then I ganged three cutters on the arbor and made some test cuts on a piece of steal Im making T nuts with, so far so good.