Here is the hollowing tool that I made, part 1. This is the easy one; it is simply straight for deep hollowing of simple shapes. I started by buying a steel bar and a pack of cobalt cutters. Then I realized that the cutters I got were slightly to big for the steel bar that I got. So I found a piece of steel in my junk pile, and it was the perfect size. It also worked well because I could not fit the steel bar under my drill press. I made this tool to fit in the 5/8ths end of my One-Way tool.
This may not be the best way to do it, but it is how I did it. Use your own common sense if you use my example to make your own, dont do anything unsafe.
Materials: (I do not know prices as I got all of these free, someone else paid for the bar, and I already had the others from scrap)
48 inch 5/8 round steel bar
2 1/8 set screws
1 piece of 1x6 mild steel
set of 5 3/8x3'' 10%cobalt steel cutter inserts. $25
So here it is step by step.
Step 1
Get the steel bar and cutters, cut the steel bar to the length that you want. I cut it to 24 inches, as that was the length that I could put into my handle and have the stick out be the same length as my gouge.