Yes
Having that much methanol exposed in a non controlled space isn't wise. We did it in a large low expansion beaker under a lab hood, fire suppressed. We would cart the part down to the shop on a lab cart. I think I remember that they would heat the ring and would then insert the cooled cylinder. The fit was extremely precise as only friction was keeping them fixed to one another. I wish I could remember what the combined part was for.
We prefer to use liquid nitrogen, you can completely submerged the piece for an even shrink.
However, it is not recommended to use liguid nitrogen with Thorplas. The word is it will possibly shatter if cooled that quickly.
We have shrunk large Bronze Bushings in Methanol and dry ice for installation. It's the next thing to liquid nitrogen as far as getting something really cold. But having a deep washtub full of flammable liguid in the shop can give you a pause.
Having that much methanol exposed in a non controlled space isn't wise. We did it in a large low expansion beaker under a lab hood, fire suppressed. We would cart the part down to the shop on a lab cart. I think I remember that they would heat the ring and would then insert the cooled cylinder. The fit was extremely precise as only friction was keeping them fixed to one another. I wish I could remember what the combined part was for.