Alrighty... it has been a while since I updated you guys on this pipe. My apologies.
I just managed to track down some high temperature silica based fireplace cement, and upgraded my drill bits with plug borers.
I'm not thrilled, but I have at least solved the problem of an unwanted carburetor on the bottom of the pipe.
Here is what I did:
I bored out a plug of briar from a sacrificial lamb:
I then drilled a hole of a matching diameter into the pipe (no pic here folks, my bad). Here is where I learned how difficult it is to drill a straight hole into briar, at the right speed, with a hand-drill. So as you'll see in a second, I buggered the hole a bit. I then plugged the badly drilled hole that the previous owner put into the bottom of the pipe with fireplace cement, and then tapped the briar plug into place. Lastly, I sanded the plug down to flush with the bottom of the bowl.
Next, I'll fill around the plug with briar dust and superglue. I think I'll likely rusticate the whole area, or just go with a darker stain.
While I'm sorry that it's not as neat as I'd like, I am THRILLED that I'll have a functional pipe at the end of the work here.
Thanks for all the advice friends. It's fun learning how to do this stuff with you all.
Cheers,
-- Pat