I bought a 3/8 fostner and tried it on some scraps. No pull. A clean and controllable bore. It also has a center point which helps me locate the bore for the clearance hole. Home depot didn't have a depth stop handle to buy. Im confident I won't need one. Thanksfor the comments.
That is the routine that drives me to replace the old drill press. And this becomes due to size, is 4 handed. I'm going to play with some scraps to see if I can execute with the hand drill. On smaller pieces I can manage with the drill press.