Well, I'm not concerned with the application as I was just asked to make the part, not design it.
And since I didn't even follow the few reply's surrounding the actual "how to make" question, then I guess that I will inject how I see it:
I would stand the part up in the vice and mill the 3:00 side to clean-up.
Flip over and bring 9:00 in to spec - whatever that is...
Maybe that dim is off the print that we see, or maybe you need to trig it out?
Looks ridiculously dimensioned to me, but ...
Zero value in squaring up the other two sides. *
Go ahead and lay it down on the movable jaw like you said.
However - hopefully you already know this, but apparently some others don't:
Put the jaw on the front side of the moveable with the counterbores hidden so that you are compressing the counterbore, not pulling on it, and use some 2" bolts, or at least 1.5" long ones.
Make a new back jaw (soft is fine) and have it only 3" wide and 1" thick.
Put the 3:00 side of the drawing to the back jaw.
Slip a cpl "thin" parrallels under the part - laying down - to git the part up off the moveable segment 1/8".
Actually - a cpl pieces of (sacrificial) 1/8" cold 1018 would be best if you have access to that - so that your tools don't hit your parrallels.
At this point your front jaw will only be catching an 1/8".
That may be enough if you don't push it. (or crash it for that matter?)
Otherwise - maybe you want to make a new jaw for up front too???
From this point - you can doo all the OD, the through pocket, and the top pocket all in one clamping.
Now flip it over and place your 1/2" cutter at X1.24 (Or X-1.24 if you are a rebel)
Bring your tool down by hand and locate the part agginst the cutter and tighten the vise.
Finish the second side pocket.
Use your 3/4" tools for the OD and the through pocket.
Use the 1/2" for the rest.
Note that the print does not spec it, but it looks like they are wanting (or at least accepting?) a .030 rad on the blind pockets.
That's how I would doo it, but I'm just a dumb farmer out in the middle of the corn field, so follow directions with spoon full of sugar.
EDIT:
You will use these "new" jaws again one day.
This is not lost tooling expense, and won't take any longer to make than squaring the other sides of 4 pcs that you are going to mill away later anyway.
*
Die Science: Unnecessary detail work can cut into your stamping profits
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