Quoted:
I have a Bridgeport and I am a tool and die maker so I am sure I can get it done. I just want to do it correctly. So what is the correct "tooling"?
The Bridgeport, although helpfull, isn't the answer to getting it right. A jig is needed and the cost of one {if you can find one} I would be guess to be more than a barrel.
Every manufacturer is using almost the same FSB forgings. How deep the pin is set into the barrel is mostly a function of how each company made their drilling fixture. Some choose to put the pin in the middle of the pad on the FSB forging. This works great on 0.625" barrels, but leaves the pin WAY too high on 0.750" barrels.
Colt pulls the pin down as far as they can to ensure that the whole pin is not going through the barrel. The latter is desireable as it helps create a better seal at the FSB-gas port junction.
The pin being partly in the barrel and partly in the FSB makes the taper pull the FSB forging DOWN as you set the pin into place. The closer you get to a 1/2 crescent cut, the more of this benefit you get.