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Hollow bar in cast iron needs to have a wall thickness of 1" to prevent internal features forming during the casting process. The diameters you are talking about are less than two wall thicknesses which is why on our models we find ourselves machining out of solid .
Just thinking.....old cast iron radiators came in many different forms, but some of them had tubular sections with about 3/4" ID, and maybe a decorative set of ridges on the outside, and say 3/16" or better wall thickness. I have one now in my scrap melting pile: each radiator section has 3 tubes of maybe 16" usable length. Times as many sections as the radiator has. That's about 4 feet per section times say 12 sections, or 48 feet of 3/4" ID cast iron tube. Might be a lifetime supply if you make small engines.
My point was Meehanite is a process. Follow it and machine tool makers get what they want beyond that we'll knock yourself out Make it from whatever you like.Have a nice day