I have made special tooling to bore out the receiver by hand. You can't do it in a lathe because of the skinny tool needed and the interrupted cut. I anneal the bolt body and hacksaw to the appropriate length, square it off and tap it out. The SMLE Mk III's I use for the De Lisles have an Enfield bastard thread so I had to make the taps for that. The No4 has UNF threads so 7/16" UNF is correct for the bolt head. Once the bolt is threaded then I file fit it until the bolt head registers correctly. Obviously the barrel cannot be finished until the bolt has been done correctly.
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