This is what i have done with great results. I mount a dial indicator either in the chuck jaws or on the chuck face. Chuck a center drill in a chuck. Indicate the center drill so the tailstock is dead center. I do this in case the chuck, shank, etc. isn't perfect. And those lines on the tailstock for centering isn't accurate enough to get dead center.
Drill a 5/16" hole 2" deep with a brad point drill. Tip for the drill...i use a grinder and put a very small radius on the corners of the drill. A sharp corner at the bottom of the hole is a weak point. The little radius helps eliminate that. The dowel pin needs the corner rounded so it fits all the way down to the bottom of the hole.
And i use 2 brad point drills. At the end of the drill its a little concave. I use that for the first 1 15/16"
I have another brad point drill that i ground so its about perfectly flat at the end and i grind off most of the point. I use this one for the final 2" depth. This eliminates a glob of glue at the bottom of the tenon.
Yes, i use bamboo for pins. Light and strong.
Turn down a 3/8" bamboo pin to .003 to .005 under the size of the hole. Cut at least 4 really small grooves along the 2" length of the pin so the extra glue can escape. I use the gorilla expanding glue that uses the glue and water to activate. Total finished pin length 2 1/2"
The tenon can be left a 3/8" for ferrule or turned down. I turn mine down to 5/16"
I allow .003 for glue. Less glue results in a better feeling/hitting cue.
Secure the pin so it can't push out as it dries.
I have been using tomahawk ferrules. Light and strong. For the ferrules i use flex gel superglue.
Waa laa. Hits great. And haven't broken anything yet.