You guys have been awesome! I think I’ll proceed with using the piloted counterbore (RJ sent one that works, a .406 smooth pilot for the .410 hole, with an 11/16ths counterbore). I’ll use it on a drill press, and the pieces are quite large, so per you guys, let the pilot locate and I don’t so much need to clamp, as just prevent part rotation. As you guys suggest, wd40 oil and off we go. Thank you all again!
Also, this solidifies purchase of a new tool— a drill press!... so if you guys have favorites, let me know! I've got decent budget for this project and would like one that would last a long time of good quality. Thanks again!
Just fyi, the other main operation I will be immediately doing with the new drill press will be boring some holes in the shaft of bolts for accepting cotter pins.