I was thinking of a "better" approach. Extend the shaft (it has to be extended by almost 3" on the Dake for the ram to clear the splines on the shaft) with some round rod of the same diameter bored to 3/8", then a long 3/8" bolt with a larger diameter collar or washer. That way, with the shaft pulled out, it's still supported on the left side of the casting.
Drill a hole through the shaft extension at a position where it can lock the shaft in the normal use position with a cotter pin?
That way you wouldn't have to wind the ram all the way up to change the position of the handle (3-1/2 turns on the Dake), you would just pull the cotter pin, then pull the handle/shaft assembly out the RHS ) rotate the handle and push it back in. Voila.
Maybe even a compression spring rather than hole and cotter pin?
I may give it a shot, it'd be way easier on a crappy Harbor Freight arbor press where the splines are pretty short.