Oily,
I had new bushings installed in the front axle of my old truck at a shop that specialized in front ends and suspensions. I also got to hang around and watch the whole process. It was interesting to say the least.
1) they did a quick clean up of the entire axle assembly and mounted the entire assembly in a fixture and measured it about 9 ways to make sure the axle beam and spindles were not bent or tweeked.
2) they removed the king pin, zirks, pressed out the old bushings, and cleaned everything up with solvent and compressed air.
3) they pressed in the new bushings, and mic'd the king pin, then grabbed the appropriate adjustable reamer that corresponded to the king pin diameter (way bigger than anything I had in my garage).
4) they placed the front axle and spindles back in the fixture that held everything in rough alignment and reamed all the bushings to OEM specs in two simple operation (one per spindle).
5) after a quick clean up with brake cleaner and compressed air, they lightly greased the king pin and bushings and tapped the king pin back into the assembly, fastened them in place, and installed new zirks.
6) they greased the entire assembly, wiped the excess grease off, and loaded it in the bed of my other truck.
The entire process took about 20 minutes, and was quite reasonable cost wise. The finished axle assembly was snug and smooth. I left with my freshened up axle and felt good about the entire process knowing it was done right.
In hindsight, I could have done it myself, if-- I had had a press, the right size adjustable reamer, a bigger bench, a huge vise, and at least two more hands.