Since the bushing had the proper ID, I set to work changing the OD. I slipped the axle over a 1/2" bolt chucked into my cordless drill. Initially I tried using the abrasive wheel, but soon moved over to the belt sander. This is tough rubber, it took quite a while to get the OD down to 1" which I thought would be an appropriate interference fit for the .95" hole in the shock.
Shown is the as removed bushing next to one that is fit to the OEM shock.