Lots of good advice above. If I was doing this in my shop I’d:
Tape up the area to be drilled with painters tape, use a center punch to mark exactly where you want the hole, drill all the way through from the front with an 1/8” bit, use a Forstner the correct size (3/8”?) and start at the front, run it backwards enough to to score the tape and finish, drill about half way through from the front obviously using the 1/8” hole as a pilot for all this then drill the rest of the way from the inside.
The other option if you don’t already have Forstner bits and don’t want to buy one (they’re not that expensive) would be to do the whole thing above with a good brad point. They’re typically a little less and as long as you have one with cutting spurs on the edges it will score the finish as well and help with tear out.
When it comes time to remove the tape peel it all around the edges towards the hole you just drilled then seal the fresh edges, carefully, with a couple of drops of CA glue. Let it dry then install the new pot.
Tape up the area to be drilled with painters tape, use a center punch to mark exactly where you want the hole, drill all the way through from the front with an 1/8” bit, use a Forstner the correct size (3/8”?) and start at the front, run it backwards enough to to score the tape and finish, drill about half way through from the front obviously using the 1/8” hole as a pilot for all this then drill the rest of the way from the inside.
The other option if you don’t already have Forstner bits and don’t want to buy one (they’re not that expensive) would be to do the whole thing above with a good brad point. They’re typically a little less and as long as you have one with cutting spurs on the edges it will score the finish as well and help with tear out.
When it comes time to remove the tape peel it all around the edges towards the hole you just drilled then seal the fresh edges, carefully, with a couple of drops of CA glue. Let it dry then install the new pot.
