Maybe but I used to take the opposite approach, making the hole slightly
bigger, otherwise you get the lateral wobble issue I found.
Brian

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The Sofa of Brian Gaff...

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Never reduce the diameter with a sharp tool. Timber is a natural product and
expands and contracts. Take a hammer and hit around the end of the pole to
flatten it just enough to bang the handle home. The timber will return to
its original size and shape and give a solid tight fit. Wack the screw in
and bobs your uncle ??