I would think it doable, unless you need a very close tolerance. It's kind of long for a 1" to 1.2" bore, but using the largest bar that will fit should do it.
Light cuts and you can't chuck very tight (fairly thin wall). If you do get chatter problems that won't settle down trying to bore the whole lengrh you could do half, then flip and and bore the other half. Assuming a match mark isn't an issue. If you do that, you can minimize the match mark by marking where each jaw was clamped so you clamp in the same place when you flip it.
I'm thinking in terms of plain PVC type plastic. I'm not sure how esoteric this cast plastic resin you have is.