A hole saw. You need something with a centering bit. Those wood working bits will wobble and ruin the cut as you have no centering surface. They make a diamond coated hole saw bit that people use to cut plexi. I assume this will all be covered or not relevant when done. If you have no centering hole it will be a crap shoot. Even a regular blade hole saw if used correctly cuts a very nice sharp hole. I use the regular blades on very thin obechi ply on sailplane wings with no issue.
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