As the rest of the shaft is a smaller diameter I’d say it’s not the weakest point. I would however look at putting it in a lathe and making it a rounded groove with a ball nosed tool before filling it in. Why? Probably not necessary but a rounded off cut won’t allow the start of a stress fracture whereas an angle could. This is almost certainly one reason why the factory have ramped up to and down from this increased diameter.
Once filled, as said, speedi sleeve is the answer.