This would be a 6' x 8" x 3/8" 6061 plate riding on roller bearings on top and sides of 1" square 6061 frame with all sorts of cross bracing and stiffeners. There are vertical stands that elevate the two pieces up a couple of inches. The hole positioner is centered on the spindle but moves in and out 1/4" to account for old pieces. The positioner moves up and down as much as you want. I'm thinking an 1-1/2" range should cover the different makes. I am drawing this up off of the 1 foot clamp in your picture. When you see it, you will have to layout the pieces and adapt things. You didn't say if you have access to a mill and lathe. You can buy seamless tubing or remove the weld so the lathe is not as important as a mill. I wouldn't want to drill and file this much in the plate, but it is doable. The good part is that is based on a local supplier, you can probably get all the materials for around $150. Bad part is this will take a couple of days,and I would recommend tack welding the frame once it is perfect.
Just got your latest answer. In your case you shouldn't have to move anything. Only if your MDF blocks and pieces are different diameter, then a simple movement of the radial drill will suffice.