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Cut in the cove for the fingers. While a spindle gouge is easiest, the cove is long enough and gentle enough to do so with a skew or a straight chisel.
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Slip the ferrule pipe over the small tenon before the ferrule tenon. Remount the piece.
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Holding the ferrule in your left hand and the parting tool in your right, gradually fit the ferrule to the tenon. A snug fit is possible.
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With the ferrule in place, sand the piece to about 220 grit. Finer is not necessary for a tool handle. Sand the ferrule to remove any oxides. Part in front and back preparatory to cutting the bits of tenon off while off the lathe. Finish the handle if you so desire. I used a bit of turner's polish.
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Remove the piece from the lathe and trim front and back. A bit of finish on each and all that remains is to drill and fit the handle.
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