Yea , I was just asking seemed like a real pain in the a$$. I didn't think about the chrome, good point.
Whelp, and but as in butt head and you didn't care about the rust factor there's this. I imagine a fully tooled bike shop could, should or might know of a specially designed drill bit that would be a breeze to use. Otherwise, he who patents one need only split the rights wit me. So, on this bit the tip would not have blades but only a hard tempered rod about 1/4" long that is the exact size of current hole. From there the cutting, boring blade is enlarged to the size of the spokes you want or need to enlarge the new hole. The hardened tip should, would, could guide you dead center and wa-la!
Alternately Get a bit the size you want to enlarge it too and lightly, to avoid heating and ruining its temper, grind about 1/4" down to the size of current hole. Recut, that is, sharpen the blades at new edges and go.
I mean, B/C, it would be more of A PIA to freaken set up a drill press and align each hole, flip over and do it again.
So, I can imagine that, there's been a boring bit made over 100 year ago and a really good shop, could, should or ought to know a source to beg, borrow or not steel but buy, fer pretty fricken darned cheap, verse a danged drill press template/platform.