Anyone ever redrill hubs to match wheels?

[Nads]

I've got a weird rear end on the Packford. It's a Packard unit, the drums and hubs are riveted and are mounted on a tapered and keyed shaft to the axles and held on by a castle nut. I have to rderill them so's I can mount my bitching '72 style running stock. BTW the wheels are held on by bolts, not pressed in studs and nuts.
Should I even attempt to pull off this precision stunt in my backyard or leave it to a competent machine shop?
Has anyone ever done this, could they give me some pointers?

[alchemy]

Unless you have an indexing die (pattern?), I would leave it to a machine shop. And they can possibly press in studs instead of the using the goofy bolts.

They'll just chuck it in the mill and whip it out all nice and round and square. Hard to do with a Black & Decker drill on an old tree stump.

[Stevie G]

Redrilling the holes and pressing studs is about $5 per hole if you supply the studs.
A good machine shop should be able to thread them if you want to stay with the bolts.

[Upchuck]

I did my fronts at home, got an adaptor from 4t6frd to go from 5x5.5 to 5x4.5, had the machine shop build me a pilot bushing deal that matched the hole size in the adaptor and the center drilled out for 1/4" drill and I did the rest at home on the 8" craftsman drill press, cost me 17.00 for the machine work and 20.00 for the final drill bit for the proper size hole to finish it up, I just reused the old stock studs from the hub