Stepped another way around old pothole? (4,4)

I believe the answer is:

deep spot

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'pothole?' is the definition.
I don't know anything about this answer so I cannot judge whether this works.

'stepped another way around old' is the wordplay.
'another way' indicates an anagram.
'around' is an insertion indicator.
'old' becomes 'o' (common abbreviation eg in OE for Old English).
'stepped' anagrammed gives 'deepspt'.
'deepspt' going around 'o' is 'DEEP SPOT'.

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