In keeping with the thread concerning repairing pin holes, etc I have had the mis-adventure of drilling pin holes with fine drill bits, and ending up with them drifting off line. This has happened even when I have using a "spike type" drilling guide. The bit lines up with the spike before and after drilling. The bits have been high quality and sharp. I suspect that I should be drilling slower, possibly with higher drill bit speed? Any other thoughts or ideas? thanks......
Start the hole with a CENTER DRILL. MAKE SURE THE BITS ARE SHARP I.E. NEW. Run at highest speed. Drill slow and clear chips every 1/8" or so. I don't drill holes this small though stocks. If you are drilling through a metal part such as an underlug/rod pipe. Stop when the metal is marked by the drill. Remove the part, drill the hole at the mark, reinstall and finish drilling the hole, or finish drilling the hole then reinstall. Best to use 1/16 holes or larger. This will end some problems.
It is also important to watch the runout of the chuck on the drill press. Run out can make static marking of the drill start point inaccurate. IE put the "center" off center if this is used to indicate the start point of of the hole. This is why the center drill works better. They come in a variety of sizes.
Oh! Don't by taps and drills for precision work at the hardware store or lumberyard. Buy QUALITY tools and avoid imports from the Commies and the third world.
USA or European are best Japan is good too. China etc, = junk.
Dan