Actually I thought of using a parting tool and I do have a hand crank for the spindle and if it takes a week of cranking I can do that too but what worries me is that parting tool sticking out 1 1/2". It doesn't look very safe. Well I have several so that's not a problem.

What about getting a good finish on the bearing surface this way?
Oh yeah!! The big question is how to machine off the big slug of metal on what would be the backside of the journal. This will be about 2 1/2" in diameter with the con rod journal offset from center by 3/4". It's a lot of metal to gnaw away with a parting tool set up like in your picture.
Dick