Welder Dave
Senior Member
A slight taper may not matter much if the hole is very close to the bolt size. The pads could be done from both sides to lessen the taper if desired. A tapered reamer would be worth a try. An annular cutter is similar to an end mill but is hollow and cuts more like drill bit. If a spacer was used that fit the centering pin it would keep the bit from moving around. I think there are carbide annular cutters too.