to simplify matters for you, get on to shg marine, and buy a few acetate plastic bearings, couple of quid a pair. They are water lubricated and push fit into the stuffing tube, tell them its for M4. No soldering etc, and when they need replacing (virtually never) they can be pushed out. You can adjust endfloat using m4 stainless (so they don't rust) washers.
I use a variety of bearings, acetate, ballraces closed and open, glacier water cooled, it all depends on what you are doing, they will be fine for your application