As for holding after the rough turned piece is dried, I use whatever will work safely and easily for me, very often that is with the use of the Jumbo jaws or Mega Jumbo jaws I have from Oneway.
I read where people keep losing there turnings, even for just removing the tenon, I’m not there, so I don’t know why this happens, but I do not have that problem.
For turning the recess to round, I will use both a gouge and or a scraper, the gouge with a standard grind that I have changed a little with the corners ground back and rounded a little, and use the scraper to cut and clean the wall, bottom and corner, so that the jaws will sit flat and evenly in the recess.
I will clamp the piece and take my time, no hurry I turn for my pleasure, seating the bumpers so all 8 are holding and I do have to move 4 of them into the slots often enough, the other thing is because of the warping, I will use small wedges so the piece will not wobble, even lifting one side or the other a little higher to have the piece centered perfectly if possible.
When returning the recess I often will return the lower part and more of the piece, as it is sitting nicely centered with the recess returned.
Here are 3 Applewood bowls I was going to return, one sat already for nearly 20 years where I had used short screws to hold it on a faceplate when rough turned, the other two had a recess that needed to be returned, one was nearly 10 years old and the other one just 5 years.
As you can see these bowls were oval a bit, not bad and I used the wedges to prevent wobbling, the green tape holds them in place.
With the one I had used screws I turned a groove where the screw holes were till I was past the holes depth.
Here’s another one that was finished but for the foot, I clamped it in and returned the foot.
A platter with nice feather in it I had rough turned and dried, then returned and added a glue block onto it, and turned that round and centered, set it away and then a year or two later returned it, first the top side plus the outside edge on the bottom side, then held in the Mega Jumbo jaws I returned and flattened the bottom, and cut away the glue block, and finished it.
So yes jumbo jaws are a good way to hold a piece to have the recess returned and also to remove the tenon, just don’t be in a hurry and understand what you are going to do, it works for me.