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5mm sounds a bit deep, that might work with a sharkfin spear but not with a notched spear.
Coating the inside with epoxy is ok but epoxy is not easy to work with, it is fine for applying a base coat but at the end of the day it is a glue not a finishing product!
Having said that there are epoxy based finishing products available.... to line the track, epoxy mixed with graphite powder is a great way to go but it is best to fill a square, oversized track & then rout out to size.
Anyway a 7mm track will be fine for a 6mm shaft although that is a very thin spear!