Brian,
I did my power bore with a boring head in the milling machine and also drilled and reamed the valve hole on the milling machine.
I have done other things on the lathe with a 4 jaw and this is how i did it. I know you are beyond some of this, but a short tutorial may help some one that is not there yet.
Lay out all your holes with what ever you have at your shop. This can range from just a pair of calipers used to scribe lines in a blued surface using the edges of the part as reference to using a surface plate and height gauge. For this engine the location of the holes will not be all that critical, but it will be good practice to try to locate them a accurately as possible so the a project that comes up where the are critical you will know how to do it and have had some practice.
With a very small center punch, lightly prick the scribed intersections. Look at your punch mark and if it is not on the intersection, it can be moved a bit by punching deeper with the punch held at an angle. Once your punch mark are in location, deepen them a little bit. It does not have to be much. Twenty or thirty thousands is more than enough.
There are commercial wigglers made to help locate things, but I just use a piece of 1/8 diameter music wire that has been sharpened to a point that approximates the angle of the center punch. Make it about a foot long. Any sharpened small diameter rod will work, it does not have to be music wire.
To locate the marks on center your 4 jaw, first locate by eye with the jaws tightened lightly. Then put what ever you are using for a wiggler in the tailstock a bring it up to enter the punch mark on the part It wants to seat, but not put much pressure on the part. When you rotate the chuck, either by hand or at low speed under power the end of the rod will move around in a circle. If you are doing this under power, you can touch the rod with a marker, like a Sharpie, to locate the side of part that needs to move towards the center of the chuck. Readjust the chuck, wipe of the mark from the marker and repeat until get very little movement on the end of the rod. Then put a dial indicator in the tool post and rest the end of plunger on the rod near the part. You could also use a dial test indicator here, but it seems easier to me to use a dial indicator. Rotate the chuck by hand and you can see which way the part needs to move in the jaws. The object is to be able to rotate the chuck a full revolution with out the indicator moving. Snug up the jaws to working pressure on the part, but keep checking with the indicator to keep the punch mark centered.
After you have done this a few time it will take you a lot less time to locate a part that it took me to write this.
Gail in NM,USA
PS: Are you home to start work on your toy now? And did you have a good time on your holiday?