I have been researching this too. Right now I'm thinking of the weld job some else did. They cut the pylons off the old pontoon, cut them into pieces that fit on the inside of the existing pylon and welded them in. Then welded in the hole. After clean-up of the refurbished pylon, put the tramp frame on, mark the holes and drill them out.
Also, maybe the hole can be drilled larger/round and a bushing inserted from the inside. Epoxied or welded in. Then grind the outside flush. I have yet to find any bushings.
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