Just a few cutter changes are needed..
Pattern.jpg
To go from this, to..
pattern done.jpg
This..Step one..
step 1.jpg
I cut a bead, next
step 2.jpg
Change to a cove bit in the Stanley 45...next
step 3.jpg
Switch to a straight cutter, and make a rebate, next..
rip line.jpg
Figure out the line to rip to...
Finally, install the molding....
good corner.jpg
Sand/scrape to finish up
opened lid.jpg
Call it good. Rebate can be done with a Stanley #78. I made the cove cutter by regrinding a 3/4" wide cutter to shape.
Be sure to make long enough "sticks" to allow for the corners.