Let me add a little more icing to this cake
To the best of my knowledge, no one else uses the tools in quite the same way I just started using them... but this method can true an action lightning quick AND accurate!
Tools needed:
1.Lathe
2.Gen 2 Tool (from PT&G)
3.GTR reamer/mandrel (from PT&G or Gre-Tan) - only necessary of reaming the bolt raceway
4. .010 oversize Rem tap (from PT&G)
5. Fitted bushings for these tools.
6. Lathe dog
7. A small scrap piece of square metal and a couple of action screws.
Now hold onto your hats, gents! This one is going to thro conventional lathe operation out the window...! The action will be stationary and the cutter will be spinning.
1. Fit your front and rear bushings into the raceway - you want a snug fit - not slip. The bushings should be able to be pushed through the raceway with a bit of finger pressure but shouldn't slide out on their own.
2. If you are reaming the raceway oversize, then slide the GTR reamer/mandrel into the bushings you just put into the action. If you are not reaming, then skip to step 7.
3. Place a lathe dog (yeah - those old things) onto the .705 side of the mandrel.
4. With your lathe set up to turn between centers, and the centers running true, put the madrel/receiver setup into the lathe between the centers. You will want the receiver face end at the tailstock and the tang toward the headstock. You will find these tools are all cut with 60 degree standard centers.
5. Screw two action bolts into the action. I have fabricated a simple holder out of aluminum that my 4-way toolpost can hold. Basically it's a 1/2 X 1/2 x 6" or so block of aluminum with holes drilled at each end for the action bolts to slide in. Nothing fancy...
So now the mandrel is between centers, and the action is on the mandrel centered and supported by two bushings. Action screws are in the holes on the holding block, and the holding block is clamped into the toolpost. Basically, the lathe (via the dog) is turning the mandrel/reamer) and the toolpost is holding the action by it's screws.
6. Set your powerfeed on the lathe to a slow feed and set the lathe to run in REVERSE (clockwise) at around 150 RPM. Start the coolant (or the drip bottle for those of us that can't afford a dedicated cooling pump) and engage the saddle feed. The saddle feed will pull the action across the reamer via the actions screws. Since this is between centers, you can stop when needed to pull out the front bushing and allow the action to center on the newly cut .705 raceway.
7. Take the assembly out of the lathe, replace the bushings with .705 (unless you are not reaming the raceway), put machinist blue on the lug abutments and receiver face, and slip in the Gen-2 tool.
8. Put the dog on the Gen2 and put this assembly back between centers. Use the same actions screws/clamp as used in the reaming operation. Fire up the lathe (again, in REVERSE) and using the carriage wheel, slowly feed the action into the Gen2. This will clean up the threads, and face the receiver/lug abutments in one pass. Run it in just until the blue is wiped form the face and the lug abutments.
9. One more swap - this time take out the Gen2 and put in the .010 oversize tap. Back between centers we go, and tap the thread as usual. Since this tap is also aligned by the bushings, the tap will stay true to the centerline of the action.
It's a pretty simple process, once you've tried it. You don't need to indicate anything in as the centers will ensure there is no runout on either end. There is no load being placed perpendicular to the mandrel - all of this is thrust load agaist the centers, so there should be no risk of deflection. You can take the action out of the lathe whenever you wish and be sure it will go back in alighned (since we're between centers). The work is fast, accurate, and highly repeatable. After the first time, you should be able to do an action (bore raceway, face receiver and lug abutments, clean old threads and then cut new ones) all inside of 15 minutes and without using a single dial guage!
I'm doing a video of it now, and will post it for anyone that needs a visual. I will be demonstrating - at the end - the action put back into a truing jig (the conventional way), and indicated in so that you can see what the runout is on the face, lug abutments and threads... You will see the accuracy is just fantastic with this method
Regards!