As the guy's said a boring head is the best way to finish the hole. To achieve a starter hole big enough to start boring, you could do one of the following. If you have a rotary table that can be mounted on its back, you could use an end mill set to a distance away from the center of the line and simply plunge the cutter and rotate the job (you could finish the bore this way as well but a boring head will achieve the best result). Or, if you have not got a rotary table (or a big enough hole saw), you could use an end mill to mill through a square making sure that across the corners of the square you are milling is smaller than the finished diameter of the hole, then fininsh the hole with a boring head. Keep in mind that this option will mean that you will be taking intermittent cuts a first and you should adjust your radial cut depth to suit.
"A Helicopter Hovers Above The Ground, Kind Of Like A Brick Doesn't"
Greetings From Down Under
Dave Drain
Akela Australia Pty. Ltd.
(Note: The opinions expressed in this post are my own and are not necessarily those of CNCzone and its management)