but I will make a suggestion here that you get or make up some kind of xy table for your drill press.
Get a dowel of the diameter you want the finished turning to be (approx), and cut a length off about 4 inches (enough to hang out of your chuck by about an inch or little more). make sure your cut is straight 90 to the side of the dowel or you will get some odd results. Then glue a small piece of leather (whatever you have on hand in a 5 ounce or thicker should be fine) with the smooth side down toward the work. Dab the end of the dowel in valve lapping compound, (depending on the metal you are working you may need a more course/fine compound) and have at it.
Your overlap from one jewel to the next can be judged by eye, but approximately 30% is a good figure for you to start with, and you can always use a test piece of the same material to judge for yourself.
I have done aluminum this way on some of my bike stuff with great results, and some I knwo have done this with stainless as well.
Just keep in mind that the smaller the dowel you use the longer the work will take, and it gets tedious really quick.
Hope this helps,
Doc