You could put strain gages on the arms that push the stones outward.
You would need slip rings to bring in power for the preamp rotating with the head, and either more slip rings or an RF link to get the buffered data off the rotating assembly for analysis. For the purpose of locating the hard spots, you'd also need a linear transducer on the ram and an angular position transducer on the rotating assembly. You could do it easily for a hundred grand, and maybe for ten grand with some creativity, less if you're willing to homebrew a lot of stuff and learn a lot of new skills and spend a lot of time doing it.
I'm guessing it's all been done before, but the answers have commercial value, so the guys who know them probably aren't talking.
Or you could start at sae.org, and search for appropriate research papers in their mountain of mud. Bring your wallet.
If your labor is worth anything, it would be cheaper to buy a commercial honing machine, or contract the services of someone who has already done so.
Mike Halloran
Pembroke Pines, FL, USA