@juggler,
I removed the plastic cap at the bottom of the center column, used metal working sanding cloth to make a gripping rough surface on the inside of the bottom of the center column for the epoxy to stick well to, then inserted the dowel with it's center hole already drilled through it and epoxy applied to the dowel as well as the inside lower 1 1/2" of the column, then let the epoxy cure. I then drilled a center hole in the plastic end cap and placed it back in the bottom end of the center column.
The hanger bolt was then threaded up into the hole in the plastic bottom cap and into the dowel until about 1/2-3/4" of machine thread remained. The opposite end of this 2" long hanger bolt is threaded like a lag screw, so the threads are designed to grip the oak dowel wood well.
I wouldn't attempt to hang my body weight from one of my light stands that are attached to my ceiling grid, but less than 10 lbs is the most that I expect to ever need to hang from them, and it's typically only 2-4 lbs. of Godox SK400 or SK300 light and a soft box, usually octal and 30" inches or less in size, or a square or rectangular up to 10" X 60". I do have larger lights, but they aren't ever needed in my small studio, except for two old 500 watt focusing spot lights, and they are semi permanently hung with 3/8-16 hardware and also safety chained. I wouldn't expect my 1 X 1 X 1/4" steel angle that makes up the lighting grid, to be capable of handling my 220 lb body weight either, but it is more than strong enough to support 6 GVM 480 LS LED light panels very well. Keep in mind that all of my light attachment points are the standard spigots like the top of light stands. This, to me, is the point that I worry more about failing, with only one wing bolt screwed in against the narrow center area of the spigot. That's why I always use some light chain (but rated at 200 lb) to make a safety loop around the light grid angle and a sturdy point, like the handle of the light that I'm hanging on the upside down light stand. The light stand or it's spigot connection can fail, but the safety chain loop will prevent both from falling to the floor.
I was once the stage manager of an Off Broadway theater, and made considerable use of this same safety loop system whenever hanging anything, lighting or other, above the stage. Being a small theater, I did my gaffing, lighting, set builds, feature movie projection, and anything else needed with just one helper. We did it all.
Charley