I place my monkote iron in a vise, by the handle, upside down, making sure the iron is horizontal. I scoop a small amount of petroleum jelly onto a Ball/Mason jar lid and place this on the iron. Just a little heat will melt the petroleum jelly to a liquid state. The hinge can be folded and then the barrel placed into the liquid which will wick into it. Setting the hinge aside, the liquid cools back to jelly, the hinge can be slathered with epoxy and inserted into the hinge slot and the glue will not enter the moving parts of the hinge...clean off any excess with an alcohol soaked paper towel.
I prefer epoxy for this application because I can leave my plane out in the rain and controls remain useable. Most of the time.
Other lids could be used, but the Ball/Mason lid gives it that Muncie "attitude".
It takes a lot longer to do this than to type it.
dg
dg