okay, tool built... Now just need to start poking holes in some kegs!
I bought the Harris kit from airgas (though they brand it as Radnor). Price was $7.50
Soldered the washers to the back of the 1" fitting and drilled out the 1/2" washer with my step bit.
You can see a good penetration of the solder in this pic.
Soldered my M14 washer on the large end of the reducer.
Ground the outside of the washer down on my bench grinder.
Dremeled the living pi$$ out of the inside of the reducer and M14 washer to get my 5\8" bolt to fit through. Here you can see how the washer holds the reducer straight on the bolt.
And here's the whole thing put together.
I must say, if I made another one of these, I'd go with a 9/16" bolt instead, even if I had to order it from McMaster. Enlarging the inside of that reducer was a PITA and took me almost an hour and a half of Dremeling and filing.
Hope these pics help others out looking to build this thing!