Those shafts are usually induction hardened 1050 or 1095 steel,not exactly something that can be done in the homeshop.Once you have the motor apart you may find they have neelde or roller bearings running right on the hardened shaft further complicating the situation.
Is there any way to modify the machine so the rotor rides on it's own set of bearings and could be driven by an off the self Hyd motor through a coupling?That would eliminate the need for the special motor shaft and $$$ motor.
I just need one more tool,just one!