There's a couple of ways to do this that come to mind.
The easiest way is to drill a hole in a blank, locate the back end of it & inlet the barrel where you want it. Just start out with a large enough piece of wood to give yourself some slop every direction.
Does anyone do it this way? I'm not, and probably never will be a proffessional builder(a boy can dream!), but I build the guns I want. Like right now I'm building a bluderbuss I saw in a book. I'm about to start as usual gouging out the barrel channel with gouges, and then do the rammer channel. The few times I've tried this, the rammer channel is always 100% in line with the barrel, but tends to take a dive towards the bottom of the stock at the breech. So the with the bit going down, now I have to leave excess wood on the bottom of the lock panel, where in theory it should be mostly flat, or just a little wood left. It makes the lock area look chunky.
In Ravenshears craftsmanship manuals he states that he thought some English fowlers must have been literally built around the ramrod channel. I'm willing to try it this time. The other way is how all the books tell you to do it, but there is more than one way to skin a cat! I guess there is always more trees to be cut into planks if I screw it up.