50 plus years of age with stress cracks from supporting toggle operations... (sounds like a description of ME!)
Sure you could repair it... and it would still be matching numbers but it would also be REPAIRED or ALTERED... not original... and since it already had stress cracks it will probably fail again after the repair!
I would just get yourself a replacement axle for shooting and keep the original one As-Is.
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regards, -John S
"...We hold these truths to be self-evident that ALL men are created EQUAL and are endowed by their Creator with certain UNALIENABLE rights, and among these are life, LIBERTY, and the pursuit of happiness..."
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