Make your own alignment mandrel. I did.
OK, I'm in much the same situation as you. I do my actions, maybe someday one or two for my brother in law, but that's it. So I <gasp> made my own. I bought a piece of 1/2" precision ground shafting and a 1/2" reamer. I tried 1/2" drill rod but it wasn't "straight". The precision ground shafting was perfectly straight within the limits of my ability to measure it, which I figured was "good enough". With just a touch from some 2000 grit paper moistenid with oil on the inside of a reamed hole I had what I'd consider a "perfect" fit. So I proceeded to machine some bushings in 0.0002" OD increments. I started with the largest sizes I wanted so if it was a hair too small, I used it as one of the smaller bushings. I spent a pleasant couple of days in the shop playing with my favorite lathe (a cherry 9" SB Model A that's been in the family since new and covered with cosmoline) and had an alignment mandrel setup that works perfectly for less than $50.00.
That said, one must use considerable care when machining the bushings because while they don't need to be a particular OD with accuracy tracable to some government agency, just very small differentials in OD (something like 0.0002"), they need to be as close to perfectly concentric as one can possibly make them. So I center drilled, drilled a 7/16 hole, used a small boring bar and machined it to within .002" of the final size, then reamed it to diameter at low rpm with lots of oil using the 1/2" chucking reamer, gave it just a touch of polish with the oil soaked 2K emery paper and checked it for fit and then concentricity with the 0.0001" dial indicator I use for aligning barrel blanks. If I didn't like the fit (it has to slide with no perceptable play) or it was off by more than half a division on the DTI (~0.00005") I parted it off and did it again. I ended up "wasting" three of them but the rest are as good as I can make them.
When machining the OD, which was of course done with the material still chucked in the 3J right where it was when I bored and reamed the ID, I used the compound set to about a quarter degree off aligned with the lathe axis as my depth of cut feed. I made the final cuts at lowest non-backgear speed with a freshly honed HSS bit, fine feed, and lots of oil. I used the as machined finish which was superb. The OD ended up almost perfectly concentric with the ID as accurately as I can measure. The bushings were made from steel rod off a drop rack (mystery metal - which is where most of my metal archive comes from) but it worked just fine.
Try it, you may like it.
Fitch