I don't think there is a way to use a wheel cylinder hone and get a cylindrical lifter bore as a result. Blocks have the cylinders honed with a rigid hone and even then it is easy to mess up a cylinder if honing by hand.
I'd be going the other way, working on ways to make the stock lifter bigger. They could be hard chromed and centerless ground, for example. We used to tighten up clearances in industrial Roots blowers by Teflon lining the casing. In that case the rotors would clearance the cases.
Some kind of anti friction coating that went on a mil thick might work. Shoot, copper plate them and then grind to size. Electroless nickel coating is supposed to provide very uniform thicknesses.
