Rod side clearance

Zactly!

And you can pick up a decent enough surface plate on craigslist. You can't have too many tools!

I've got four granite surface plates, and they are all utilized in different parts of the shop. For this type of work a cut off from a granite counter or a granite floor tile is plenty flat enough and cheap. I have one granite that I use for this type of lapping and depending what is on hand I'll either slop some oil between the paper and stone to hold it in place, or use a light coat of spray adhesive to hold it on. The paper moving around is a PITA. For steel I like a light 10W oil and for aluminum I typically use WD40 in a squirt bottle. Random pattern or figure eight is important.