Got my latest StewMac catalog yesterday. On page 40."Freehand Holder". I'd been trying to come up with a spray stand, this will work for me. 1/2" EMT and a 3lb sledge to flatten, maple legs. 3/4 inch speedbore bit supplies enough friction to hold body where needed and allow easy rotation.
It will also double as a stand for grinder, etc. with mdf for stand top and shelf, so it won't be just taking up space 90% of the time. EMT removes easily.