Hi Bill
The consensus is to boil 1 hour or more per 1" of thickness.
My little experience with boiling is that it does help some, but you will get a somewhat washed out color from it, like LDD.
The walnut does move a lot, that is the sapwood does, the hearth wood does not move that much, this is initially, after it has dried it is very stable.
Your problem is of course going to be the knots and the wood directly around it, and also the end grain in the bottom.
The bottom end grain is dealt with easiest, increase its strength and slow down the drying with CA glue, (medium thin) just do the outside bottom.
If you turn away the sap wood you will have less trouble and better looking wood, also with end grain turning you don't need the 10% wall as with side grain turning, a 5/8" to 3/4" wall would be plenty IMO.
The knots might be tripping you up though, depending on their size and the amount of stress wood surrounding them, if you boil the wood you loose most of the stress that is there at that point, however the wood does have to dry after the boiling and there is going to be stress from that, though less than without the boiling.
I have used CA glue whit success on knots by saturating them, so the knot could not shrink, but of course you see the glue in the wood.
Go for it Bill, it should be fun and more experience for the next one.
Have fun and take care Leo Van Der Loo