Chewy - mount the hub to a spindle, then chuck the spindle in your lathe. A flat piece of steel, bolt pattern drilled, then a tube welded to the flat piece. Chuck the tube. Voilá!
If you opt to sand, use green scotchbrite pads to start in a dremel, rotary grinder, angle grinder. It's more than coarse enough. Then progress to red, then to grey. Then start wetsanding before buffing.