There are a number of ways to repair this. I'd be inclined to bore it out to take a shouldered sleeve with around 3/16" wall on the body and 1/4" at the shoulder. The body should be around 0.001" interference fit, (leave the sleeve bore undersized for final machining in-situ). Once the sleeve has been installed, scotch key it with 2 or 3, 1/8" cap heads, align these to the casting webs. Providing attention to detail is exercised in the initial setup prior to taking the first cut and there are accurate datum points available to clock the bore to, any half decent machine shop should be able to do the repair.