Wow! I love learning and for that reason I particularly love great teachers and you are certainly one.
So I guess that means I love you.
I am oh so gratefull for your methodically clear and oh so helpful answers here and elsewhere on this forum. I guess if I had waited a few more days I could have saved myself some work - but no harm done - I think (as long as that plumbers epoxy holds up).
For the edification of other intrepid souls who have decided to tackle their toilet, here's some more info:
Before I drilled out the lead and ferrule I cleaned the ferrule using a blow torch and dry towel, heating and wiping as described in another post. I did this 'cause I was just curious if it would work as described in that post. And it did! Very easy to do. I also tried melting the lead out of the hub to get the ferrule out and, with a propane torch anyway, that was completely hopeless.
Here's some more pictures - one of the cleaned brass ferrule and a few of getting the lead and ferrule out and one of the packing tools I used. After everything was out I wire brushed the inside of the hub with the wire brush attachment for my drill, getting all the flaky rust out. Then I cleaned it with a wet rag and finally, as recommended in the Plumbers Epoxy instructions, with mineral spirits.
Packing the oakum was very straight forward and after three layers held the 4" cast iron stub quite securely. The epoxy (Oatey brand) dries very quickly so you've got to be sure to have your hammer and packing tool at the ready and to only mix about half the epoxy stick at a time. Be sure that your packing tool fits the smallest gap between the hub and the stub (depending on how well you pack the oakum, your stub may be a little off center making the gap a little smaller on one side then the other). I actually made a curved oak packing tool that exactly fit the curve and size of the gap but my stubout ended up being a little off center so I had to use a thinner straight piece of wood as well which seemed to work fine. The epoxy I rolled between my hands to make a rope, then wrapped it around the stub and squeezed it into the gap with my fingers and then started packing. I did this several times till the gap was full up.
Peace