There has been many hubs repaired using Bob's method, as long as the tolerances are not too large.
in 41 years of toolmaking, squeezing a bearing race is simply asking for trouble.
That race was probably manufactured to a roundness tolerance of 0.00045-0.0005 inch.
yes, half a thou.
If it is a steel hub, peening the bore with a center punch in equally spaced spots in two or three rows
can possibly hold it in place.
If it is a cast iron hub, the areas raised with the punch will simply break off as the race is pressed in due
the the brittleness of cast.
Locktite 609 is made specifically for this purpose. It can take heat to 300 degrees F.
can fill gaps to 0.010 which is huge for a bearing race. Personally, would not consider using one
that oversize.
I have used this stuff in machinery repair with great success.
Of course, this is just one man's opinion.
https://www.pegasusautoracing.com/productdetails.asp?RecID=7415