Agreed, all good options. I have a drill press, but it’s lowest speed is 600rpm which I think would burn up some regular bits pretty fast. I did find that Norseman makes a carbide tipped hole saw which they recommend speeds of 500-800rpm for the required size.
I was also thinking of a step bit to do the work. I need to see what size they max out at. Since the material is 1/2” thick, I would probably be going completely through with the bit and not able to stop at a certain step.
Going to do some more research today. Might have found a local community education shop willing to do it. Sounds like they might have a CNC plasma cutter and a mill.