Pete
I got my rudder bearing material ( acital ) from Inverness bearing and transmission. They had to order it but the material cost less than the cost of turning the bearings. A half meter length 4" in diameter cost ( from memory ) between £70 and £80. You can probably find a bearing company nearer yourself who could supply you with some PTFE. If you run into a brick wall PM me and I will give you the address and contact details of the company I used.
Iain
Have used Aquarius Plastics in Guildford and RS components for engineering plastic supplies. I would think PTFE is a very expensive solution for rudder bearings - RS quote £189.00 + VAT per metre for 65mm dia rod. I'm sure something much cheaper such as Nylatron or Tufnol would be OK.