I'd like to drill a 1 5/16" (1.3125 inch) hole in a 1 inch thick mild steel
bar. I only have a drill press in my shop. Is there a way to drill a hole
this big in a home shop, without a milling machine?

It has been suggested I try a HSS hole saw at low RPM (less than 400) with
plenty of cutting fluid.

It doesn't have to be pretty, and the jig I'm making doesn't require super
high precision.

Thanks,
Dave