Perhaps I can add a tip also. (Pun intended
)
If you use one of those hand crank sanding disk tools, be sure to pad your shaft before tightening this thing to it or you will have a ding in the shaft for sure and have to steam it out.
After you glue your tip on, have an over sized rubber band that has been cut open ready. Run it over the shaft and tip, about 5 inche on either side, wrap the band around the shaft a few inches below the ferrule and then roll the elastic band up over itself to hold it in place. This will afford the tip some extra pressure while drying and also allow you to quickly center the tip and hold it in place without using one of those crazy tools that really ruin your shaft.

If you use one of those hand crank sanding disk tools, be sure to pad your shaft before tightening this thing to it or you will have a ding in the shaft for sure and have to steam it out.
After you glue your tip on, have an over sized rubber band that has been cut open ready. Run it over the shaft and tip, about 5 inche on either side, wrap the band around the shaft a few inches below the ferrule and then roll the elastic band up over itself to hold it in place. This will afford the tip some extra pressure while drying and also allow you to quickly center the tip and hold it in place without using one of those crazy tools that really ruin your shaft.