Redmodelt is exactly correct. A fly cutter in a mill with a jig for the mill positioning and leave a stud.
The drilling weakens the area considerably as can welding make it brittle.
I wouldn't drive one not done this way.
Balls are available and can be drilled in a mill or lathe
I appreciate your response but I disagree.
Machining the ball off to leave a stud isn't a problem. I can think of several ways of doing this, all with the same result.
You say drilling weakens the area considerably.
The shank of the new balls are nominally .500 and the pad area measures 1-3/16 to 1-1/4. That's more than double the shank thickness. The thinnest part of the arm (leading into the pad) is just .580 but the machine work doesn't affect this area.
The weakest part of this repair is the .500 shank of the new ball. How much load can a .500 shank handle? A lot more than normal steering forces generate. Like I said the steering arm itself is only .080 thicker than the new balls shank.
As far as welding making it brittle.
This applies to [both] repair types. One thing that hasn't been brought up before is: How many thousands of times has that [old] shank been flexed, back and forth, in a work hardening motion? Consider also how many impacts and dirt roads these things have been down. And now you go machine AND weld on it. Is it a matter of time before these develop stress fractures at the root of that old shank? I don't know but it's something to think about.
Yes balls are available and can be turned or milled for a hole.
I considered the studded ball (available from just about all the parts stores), chucking it by the shank in the lathe, and boring a hole in it, then cut off the shank. Also, I considered making a ball holding fixture with which I could reliably and repeatedly hold a ball in a 3-jaw chuck and boring holes this way. What a PITA!!
The attached pic is from post #22 of the previously mentioned thread. It should be clear to any who examine this pic why it failed.
https://www.fordbarn.com/forum/showpost.php?p=719777&postcount=22
Drilled, reamed (for press fit), and TIG welded (both sides) = I'm 100% confident in this repair.