In case you haven't done this before, or this particular process, this may be of some help. I don't use any machinery (routers or one of my mills) to cut the groove in; don't trust anything mechanical on something so important,
but you might find this helpful. If you will reduce the excess wood on the bottom of the forestock you won't fight the drill as much. Measure out your web thickness plus 1/3 the rod size. I simply use a straight edge to mark out the channel then use a small chisel to cut the groove, followed by a 5/16 diameter rat tailed wood rasp. Clean it up by wrapping sand paper around it on the final passes. The other guys here have given you excellent drilling suggestions. I make and use a brad point bit silver soldered to a piece of aircraft tubing. This thing will not drill off like the single fluted solid rods can if they hit a hard spot. Anyway, I also tie a couple pieces of leather around the rod; one at the muzzle and another almost to the entry hole. Without excess wood causing friction, the hole drills twice as easy!
Susie