Anyway - if that hole is under 1/16" out then I can compensate a little by reaming it a little larger, but any more than that I have to square up the material again to the bore before doing anything else. A "true" hole would save me a couple hours easy.
If you are drilling a stock blank and have to work the blank after drilling anyway why does the hole have to be so good? What is the extra 'couple hours' for if the hole is not 'true'?