That's a great picture of just how soft the cradle is and that it's a matter of both wear and stretching of the metal. The problem is that it's only around 1/4" thick on the load bearing surface. It's been a long time since I modified my centerstand so the dimensions are approximate. The holes in the cradle and the centerstand were so clapped out that new bushings didn't make any difference so I totally rebuilt it. I turned a couple discs out of plate to fit into the holes in the stand with 3/8" holes in the center and had them TIG'ed in. I got some 5/8" bar stock that I turned to a length that was just proud of the outside surface of the cradle and drilled out the holes in the cradle to match. The bar has 3/8" threaded holes in the ends. A section of tubing was welded into the cradle that has an inside diameter a few thou over the diameter of the bar. The bar is coated with grease and the ends of the stand are bolted to it. The stand is stronger because the ends are bolted together and the bearing surface is greased and stays reasonably clean.
It is sort of a major production and the cutting and tapping has to be done on a lathe to get the lengths right and square, but each step is about as simple as it gets.