Hello team! Here is the result of what I found. I ended up using the method suggested in this thread. Fit the ferrule stock to a really nice snug fit on the top (male) section. Then shim the bottom. I shimmed the bottom section with tape just as I would a reel seat to get a nice flush fit when sliding in. Then I prepped the inside walls of the lower section by cleaning, then added extra epoxy inside the opening. applied a thin coat of epoxy to the entire shimmed section of the ferrule, then slid in place. cleaned off the area around the ferrule for a nice flat epoxy look. When assembled there is a touch more than 1/4" of ferrule visible to account for future wear.
once dry, I took the sections out and "cast" them. I was looking for clicking or any feel that didn't seem right. No issues! So I immediately started on the rest of the rod build (finish on the blank, then positioning and wrapping guides). Some pics below for those who are curious. As Dale Clemens and many on here have recommended I went with a full underwrap then an overwrap on the guide that sits on the ferrule. Being made by me I want as strong of a bond there as possible.
Overall I would say that spigot ferrules are NOT nearly as hard as I expected. We'll see if mine hold up over time, jury is still out on that. But I think most rod makers hold this close to their vest because it seems difficult, most people never try it, and it becomes a competitive advantage for them to be good at it. In my case, I just bought 5 solid fiberglass ice rod blanks and cut them as needed with a cut off wheel on a dremel tool. Outside of the ferrule stock the only other cost was the epoxy needed to hold in place, and the tape used to shim.