All I would do is turn up a sleeve to fit the pulley with a hole of around 16mm. So that's 19.9 od and 16mm id
Mount the pulley on the lathe and get the hole to run concentric.
Glue it into the pulley bore with JB weld. You can't press fit as you are about to file the keyway out of it.
The next day bore the pulley gently out to 19mm.
File out the 0.45mm thick bit covering the keyway.
Hopefully the pulley bore is 19.9mm round and not oval.
Mount the pulley on the lathe and get the hole to run concentric.
Glue it into the pulley bore with JB weld. You can't press fit as you are about to file the keyway out of it.
The next day bore the pulley gently out to 19mm.
File out the 0.45mm thick bit covering the keyway.
Hopefully the pulley bore is 19.9mm round and not oval.