Here is a shot of a Boss machine:
About bits some have coarse threads on the lead screw some have fine. I've been told the coarse ones are for softwoods and the fine are for hardwoods.
I can't comment on your design other than saying some book designs need careful review.
An Ajax machine has a hollow chuck for adding bit extensions to the bit and therefore you could bore deep holes or holes through several timbers while there are in place, possibly for bolts or rods to be attached.
Jim Rogers
Jim Rogers Timber Designs
and
Vintage Tools of NE (New England)