To the limited extent to which I understand this stuff:
When a hardened bearing spins in a softer cast steel or cast iron housing, it leaves a hole that is slightly larger than the original, and centered on whatever axis around which the bearing had been spinning. If that axis is not colinear with the original bearing bore, the result may be two half-holes, making the 'bore' egg-shaped.
Applying hard chrome to that 'bore' gives you a smaller 'bore', also egg-shaped.
It would be ideal to then grind a circular bore centered on the original axis. ... if you can find the original axis, e.g. by using whatever portion of the original bore has not been abraded away, or by measuring from the mounting surfaces. But if you actually do that, when you grind to size, you'll grind away the chrome from the original bore, or maybe leave a very thin layer of chrome, or maybe a discontinuous very thin layer of chrome.
To prevent that happening, you might pre-bore around the theoretical center before plating. ... but you need to plate on a lot of chrome to get the bore down to where it should be.
It might be easier to bore quite a bit larger than the original bore, around the theoretical center, then make and fit a sleeve from material similar to the housing, and pin the sleeve in place, without any chrome at all.
Have you got an old,cranky machinist on site with whom to discuss the possible repair options?
Mine has re-retired and is out riding his Harley, somewhere.
Mike Halloran
Pembroke Pines, FL, USA