This is a little against my grain.. but I'm going to share a fix I've done a couple of times where guys had to watch their budget or the drum was exceptionally good but the hub had the outer race issue.
One day I looked at the hub... and I said to myself, (knowing the hub was pressed steel) and I thought..... If it can get out of shape running too loose and getting a little out of shape causing the race to turn, it shold go back as well... If you notice there are 4-flats on the hub where they pressed the race stops into the steel hub.
With the Race OUT....I placed the hub snout sideways hanging off my bench and gave the hub a wack with my large brass hammer on the surface where each flat... That would be 4 around the hub, evenly. Re-install race and Amazingly.. the race was very tight and once mounting on my brake lathe I expected the drum to be incredibly out and it was not. A very light turn is always in order to true them up once mechanical service is rendered to any drum ( stud replacement, banding, races, etc. Very light cuts to just true are
I have done this several times since... again, not my first choice ( which incidentally is the rocky mountain style late '31 & service replacement drums 1-piece cast) and then new cast irons.... but the method does seem to have done the trick well for the ones I have done. One gentleman has over 5K on it since.. I have checked it twice in that time period and the hub is just fine. I think Cylindrical locking fluid is a good thing to do along with it...
Another thing that would help/prevent this further but is an item of variance would be a stainless thinwall sleeve around the hub to give it strength and prevent the hub from getting out of shape. Maybe food for thought..??
Whatever it's worth.. on a case by case basis this is an option.
A note of caution: Always... always keep safety and spindle/bearing/wheel integrity in mind when setting wheel bearing preload, rear axle tightening, and lug nut tightening. Your life as well as possible someone else's relies on it!
Happy Model A'ing!
Larry Shepard