Steering Column Bearing Replacement HELP

I just removed the lower bearing / bushing on a 67 floor shift column myself.
The inner tube is colapsable just like the shaft. The bushing is a press fit to
this inner tube and keeps the lower collar from rotating as you say.
It looks like you could grind off the outer lip of bushing and shove it into the outer
tube as you say. You will have to remove the metal bearing from the bushing first.
As far as the clocking it doesn't matter. There is a hole you can locate at center.