DP, glad to hear you got it out.
Now that it's out and all's good, I'll say that you are a braver man that I am for drilling that hole with a hardened steel bit. I gave up on doing that a while back. Too scary for me. Now I make my pin hole bits out of finishing nails or other mild steel rod. I can torque them all day long while they are spinning and they will never snap off.
To make one you just have to file a simple spade on the cutting end. (It doesn't need to be smashed out. And you don’t want to harden it, either. You want to leave it mild steel.)
I wait to drill for my pipe pins, etc. until the stock is partially shaped. Just my preference. If I'm using one of these to drill a hole for a pipe pin, I drill with the spade bit until I hit the pipe tab. The mild steel isn’t hard enough to drill through the tab, but it is plenty hard enough to mark the tab (even on iron pipes). It dulls the spade bit a little, but the bit is easily sharpened again with a few licks from a file.
After marking the tab, I then pull out the pipe and drill the marked spot with a hardened bit (a different bit) while it is outside the stock. When the hole in the tab is done, I put the pipe back into its mortise, then use the spade bit to complete the hole through the stock. The point on the spade bit easily finds its way into the hole in the pipe tab, and with the spade bit I never have trouble with double drilling or enlarging the hole in the tab.
In my experience these little guys aren't bad about busting out the stock wood when they reach the other side and punch through, either. Not nearly as bad as a modern style twist drills.
Anyway, everyone has their own favorite way of skinning the cat. Maybe this will be useful to someone out there. (I realize you were drilling for a trigger guard pin, but I decided to go ahead and explain this for a pipe. Hope everyone made the leap with me....)
Whet