but the cracks aren't that noticeable and it looks kind of authentic that way. I may make another just for practice.New grasp assembled onto reel:
Before:
Taken down:
On the lathe:
My process was to secure a wood blank in the headstock, turn it into a cylinder, drill a hole for the pin, then start shaping from the base up to the tip, sanding well before it got to the tip. The central hole makes it part off a bit too soon so additional hand sanding is required after it comes flying off the lathe
. I ended up re-mounting between centres and shaping some more as my initial attempt resulted in a grasp that was a bit too short. I guess it is still a hair too short which is why it cracked when I re-peened. 
New grasp made:
