It may take a little effort, but using the lathe and bridgeport you could make a fixture and a bar, some locating fixtures for the cam-crank location --
i would think that even with a very tight bridgeport it would be very hard to get all 3 bored exactly in line and at the proper place for inserts -without a fixture--perhaps with babbitt you could make it a little small and scrape the crank into place ---and if you screwed up you cam pour it again---if you screw up for inserts you have to try again on another block.
I don't think the 'average" bridgeport is tight enough-when I was looking it was hard to find one that the table moved in a straight line--many were over .005 off over the length of the table--but if i had to use it I would start in the babbitt ,see how close I could get, come up with reference points to measure from so adjustments for machine wear can be compensated for ---
Even most shops that do line boring on "chevy" blocks wouldn't have the equipment to properly locate the crank in an "A", wander on these sites some--
http://www.fordgarage.com/pages/kwikwayinstructions.htm, and
http://fordfarm.net/TBabbittToolsLinks.html --
The first time before I had equipment I scraped in a .020 crank into worn .030 babbitt, then I got a lathe and used it to move a KRW fixture, I don't think that a krw fixture is tight enough to cut iron without chatter, and it was intended to be reamed after the use of the boring fixture, then I got a good deal on a Kwik Way ---and a better deal on an Aamco 400 ---keep your eyes open, look on craigslist, I got the Aamco for 40$, the guy just wanted more than scrap valu for it, I called 2 weeks after he posted it