Thanks for all the advice guys, I guess ill just mount it sturdily and use a file and drilling oil to get the taper down.
It is possible to turn the shaft in a lathe with the crank in place in the block. In fact I don't even remove the flywheel. The flywheel side is chucked up in a three jaw on the round portion the the starter ratchet runs on. the out-put end of the crank is supported by a live center in the tail stock. The spart plug is removed and the plug wire grounded. Some wire is used to keep the engine block from turning as the crank is rotated. The job of turning it to size is then a piece of cake.
The keyway can be cut without the help of a milling machine by making a ring of the same material as the crank and slppping it over the shaft thightly. A drill the same diameter as the width of the square key is then used to drill, carefull by hand, at exactly the point where the key is to be. The metal ring is removed and a file is used to 'square-up' the botton of the half-round left by the drill. Before I had a milling machine that is how I done it.