Got to jump in on this one, Dan. Acraglas Gel is excellent for bedding jobs, where there are gaps to fill, but as a glue, the regular Acraglas is much better, by abut a factor of three to one. This is an area I know...I worked for Brownells for twenty years, in their Tech department, until I was downsized.
Getting back to the question on drilling stocks, Fred, do you have a floor mount drill press? If so, you can use a long spur point drill bit in it lined up with a center point clamped into a drill press vise on the table, drill part way through the stock blank, turn it over and drill the rest of the way with the other sized drill. Essentially, you're drilling between centers, same as you would do in a lathe, but you are doing it vertically rather than horizontally. Mark out and center punch both hole starting locations first, and make very sure that your drill bit is straight. Equally important is to make sure that the center point in the vise is in alignment with the drill.
David