Go try it, its not just something you slap on and cut. You could probably do it in 3 passes (including a finish pass). But, you have to get it in there, make sure its level with a dial indicator (5 minutes if your lucky), then you have indicate on one side of the shaft with a wiggler, go to center, switch tool for a third time, touch off on shaft lightly, first pass, second pass, measure, third pass, measure, fourth if you messed up, take it out of the mill, de-burr with a file, or india stone or similar, check one more time, then your done.
Why do you think machinists charge so much?