Sorry folks, I didn't save a link to the article, and I can't find it now, I don't remember what I was looking for when it popped up, and it was an odd magazine I don't usually see :( (It is somewhere in google books however)
From memory...
The photo was step 2 of 3, the first was a large machine with multiple cutters that rough cut the iron, the fellow is finish cutting the iron, the third step showed a complex (adjustable?) reaming tool with a smaller handle, I don't know if the third step was before or after babbetting....(The third picture, as I remember, showed bearing caps on all the bearings, I think)
The article was mostly about the first step, as the machine was apparently somewhat new, with a different way of adjusting for wear in the cutters...etc etc...
*sigh*
When I think the picure is exciting, nobody cares, when I think it's only vaguely interesting, it starts a discussion, LOL
(Should have linked it tho, me bad)