I would NOT suggest reaming an oilite bushing. You will likely screw up the self lubing properties.

https://oilite.com/Best-Machining-Practices

There is a special burnishing tool you are supposed to use.

the 68 Plymouth FSM has the procedure at this link..

When in doubt rtfm,

They say there are no such thing as a stupid question.
They say there is always the exception that proves the rule.
Don't be the exception.