Originally Posted by
awerby
It sounds like you need to get a piece of metal that's 2.5" in diameter sticking up from a rotary table that's flat against the mill bed, and use an endmill that has a flute length sufficient for the length of the turned-down section to progressively reduce the diameter. If it's too long for that, then you'd have to set it up with the rotary table parallel to the X axis of your mill instead of the Z axis, and support the end of the stock with a dead center before starting to reduce the diameter to 1.5", making sure your depth of cut isn't too much for the cutter (I'd suggest about half the tool diameter at a time). You'll need a tool with at least half an inch of flute length for this, but that's not hard to find.