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I think one needs to bear in mind a few things.Many of these kits are quite old and date from a time when the average hobby machinist had just a steel rule and firm leg calliper which was set from the rule to do their measuring with. Not much point in giving them tolerances to 1/10ths when all they can really go by is feel. I would not mind betting that Keeley originally built that to fractional sizes rather than to the many two decimal place dimensions shown on the drawing.Even today what people have in their home shops varies. Again why give an internal bore to 1/10ths tolerance when all they may have is a digital calliper that is not going to be able to measure as well as an internal bore mic that many won't have. Same with external diameters, the digi calliper is a bit better on external but will only read to 0.0005". Not everyone has a set of 10ths reading micrometers, I only have external micrometers thet go upto 1" and no internal ones but I get on and make engines.
It must be nice to have those larger clamps mics Though they look mor elike 5-6" to me Ah the bearing pedestals, they were one of the items that I felt were rather chunky. I think the castings could still be used if you wanted to do so. Just reduce the overall size so the foot is smaller and then step in again to further reduce the upper body. Easier if the protruding round bosses are done away with and preferably changed to flanged split bronze bushes but you could stick with the aluminium and use a rotary table or similar when reducing the thickness to leave a boss standing proud. Radius corner mill will leave a nice fillet for that cast look.It is very likely that the model was inspired by the B Hick & Sons engine, if you click the image in this link it comes up a lot larger and you can see the much less bulky bearing pedestallshttps://www.gracesguide.co.uk/File:Im1851Cat287b.jpgI would also make the smaller cylinder pivot bearing pedestal a bit nicer, a smaller version of the main one at the front.
Something like this looks more like the engraving. The green represents the top of the standard so you can see the "foot" has been reduced and also the further reduction of the main body. You could arch the top if you wanted to make it match the bearing ones but I have gone for similar to the engraving but put 4 external fixings rather than having to use the cap retaining studs right through.Would need slight work to the crank arm and crank shaft so that the shaft can be located without moving axially but quite simple to do unless you want excessively thick flanges on the bronze bearing.