I made a set up once with a router and also using a power drill with the shaft spinning as it goes by the router.
Worked pretty good actually.
Tested a lot of different types of wood for arrow shafts then.Honey locust,walnut,ash,maple,black locust,and some more I forget.
They all make serviceable arrow shafts.
Personally I use shoot shafts.They are tougher than split timber shafts.I reduce them down with them in the chuck of a drill and sand paper.