My 14 year old son would like to reline the barrel on his original Stevens Favorite rifle and we need to make a drill to take the bore out to .312 for the liner. I figure that I can anneal the end of a 5/16" drill and drill a .250 hole in it about 3/4" deep and then silver solder a piece of 1/4" drill rod in the hole to get the length we need. The problem is getting a guide on the cutting end. I can't believe that the drill will follow the hole without a guide. I only see two reasonable methods of getting a guide on the end of the drill: grind the cutting end of the drill down to .223 or anneal the cutting end and drill a .125 hole in this end, harden the drill, and silver solder a guide in the hole. There doesn't look like there would be enough meat in the end of the drill to grind it totally round at .223.
The only other way I see to do this is take a piece of 5/16th drill rod, bore the end as above for the 1/4" shank, turn about a half inch of the other end to .223 for the guide, carefully grind cutting lips and flutes, and harden.
Does anyone know a better way of doing this? Thanks
Bill