You kind of lost me. What are you going to remove 1/8" from? What aare you planning on doing?

In your post from yesterday you said "...remove 1/8" from the oak floor side so it would sit flat on both the oak and bamboo". I assumed that meant carve out a 1/8" deep groove on the top of the planks so the t-molding sits level. Is that not what you were suggesting?

I apologize for the confusion. The 1/8" would be removed from the side of the t molding that rests on the oak flooring. Don't cut the flooring. Because the oak flooring is 1/8" higher than the bamboo the 1/8" rabbet on the underside of the t molding will allow the t molding to sit flat.

No problem. Thanks for clearing it up. I'll probably look into getting something made. I'm not sure I have the skill to shave the stock t-molding down.

You mentioned you have a router. You could do it with that. Do you have table saw? It's not that difficult to do.

I do have a table saw. No router, but this would be an excuse to buy a new toy.

You can do it all on the table saw. A router is nice to have and some of the work would be a little easier with it. Give it a try. If you can do it yourself you'll be able to able to customize to fit your needs. If you do buy the router, you'll want/need a router table.
Also, do you have a miter saw? Another good toy to have for flooring work and all sorts of other work.

Just thought I would share a couple pics of the finished floor.

https://drive.google.com/open?id=0B0xhg8Khgp-3VEx4LWl4ZkRlaGM&authuser=0

I stayed clear of the strand bamboo and opted for a laminate. For the transition, I pulled out the oak header at the doorway and used a router to carve out a 1/2" space for expansion. The laminate fits underneath.

Thanks for everyone's advice and suggestions.