Ive made a few 9/32 mandrels for coyote call guys... one was a pin mandrel, and it worked, but really didnt hold all that well. You had to be really light to the touch with the tools. I never heard how long it lasted though...
I also made a few crush lock versions for a couple guys... at first, it was a flop because of the flex causing stress cracking at the point where the 9/32 stepped up to the larger diameter. 9/32 was just too small and flexed too much. So I did some more homework and came up with a couple ways that seem to reduce the effects of the flex... If one has collet chuck, and can handle having the blank held up against the face of the collet chuck, something can be made fairly easy with some 9/32 drill rod, a center drill, and a threading die.
I still dont think the pin version is very viable because of the small diameter... but it can be done with a 1/16" pin.
Ive got various mandrels on my site if you want to look at some pictures of the various ones.
Cheers
Wade