This bushing , is it not available as a service item ?
Making a bushing is not a big deal , cutting a helical groove to retain lubricant though will require some creativity to make happen.
Lets see , how would I do it ?
Purchase suitable bushing stock , make bushing by cutting the od and width to size on lathe , rough out the id to - .005" of desired final size , set lathe spindle speed to a real low gear , mount a boring bar in tool post , set it up to make a .020" cut , turn machine on stuff boring bar through hole quickly by hand ( use hand wheel ! ) , hone id to final size on a sunnen machine , install bushing , lay rubber.