Seems pretty simple. 8" Ford rear with Chevy steel wheels. On my floor model drill press I'd lower the table all the way down so I'd have a surface perpendicular to the drill head. Next, I'd build a tall jig outta 1" square tubing to secure the axle to the table. I'd bolt this template to the existing 5 x 4.5" wheel studs, make my marks using the 4.75" holes and drill away! What am I missing here?