Well, I am old, grouchy and inexperienced in ramrod holes, compared to you guys. I drilled maybe ten or so in rifles. All happened to come out right.
I in my ancient way might suggest that the first thing to do is pack away your power drill and get a good brace. Personally I find it a lot more controllable. I probably did everything wrong with drill point (I did file my own brad point on a piece of drill rod, maybe for my first short rifle with walnut stock). Nevertheless the bit did not go thru the side of the stock. I am not particularly skilled or lucky, my normal approach is to measure once and cut three times. So for me I do need the forgiving nature of a muscle powered tool.
Obviously I am not a machinist. I can barely use my drill press. Have used two lathes in gunmaking, one a jeweler's lathe that is operated much like a wood lathe, only finer. The other which I used to turn horn plugs and necks I made from a non-Chinese Bosch drill and old pallet oak.
Btw, for sake of all that is holy do not buy a Chinese drill bit. They cannot even make some of them straight.
Or will not.
I am aware that most hunks of metal we cut on are full of residual stress which can do interesting things to something one has hoped to cut precisely. I learned this in industry and in my own shop (really dumb) No doubt the same is true of that hunk of wood with which you are working. That nice power driven bit does heat up and dry out the wood locally, which means the hole will shrink.
Machinists. This is WOOD, guys.
I just do not understand machine tools & would not think of them as fun. This rifle below I made with a jeweler's lathe, a 1/4" B&D drill on a drill stand, chisels and files. I was never much of a craftsman but what I did was mostly without electricity.
You fellows know more than I knew ever existed about drill bits, lubrication &c. I wonder if perhaps some of you might minimize ram-rod hole problems simply by using a hand-powered drill?