The macho type, but a companion (5)
I believe the answer is:
butch
'the macho' is the definition.
(I've seen this before)
'but a companion' is the wordplay.
'a companion' becomes 'ch' (Companion of Honour).
'but'+'ch'='BUTCH'
'type' is the link.
I am not very happy about this link. It may be part of another bit of the clue.
Can you help me to learn more?
(Other definitions for butch that I've seen before include "Tough" , "Acting as a male (colloq.)" , "Macho" , "Aggressively masculine" , "Markedly masculine" .)