Originally Posted by: tubesThanks Doc. I agree that the reamer would be probably do a better job keeping the peg hole centered. Looks like I better give myself enough time for this little project!

[font=trebuchet ms]If you can (gently!) clamp the peg head to the table of your drill press, the easiest way to ensure centring on an existing hole is to chuck a drill the same size as the hole, and (with the drill shut OFF), bring the bit down to the work piece. Turn the chuck backwards, slowly, by hand, so that the bit doesn't cut into the material. Adjust the workpiece position so that the drill bit touches evenly all the way around the hole. Tighten the clamp(s) to hold the piece in place, chuck the new drill, set the depth stop, and drill the new hole.

Easy, yes?[/font] :D