1/4" pilot hole not too deep. Just a starter hole so I am centered correctly.
Thats why its taking so long.
if you are using large hole saws it works well to drill a 1/4" hole (a couple of drilling 3" or larger holes) just inside of but touching the cut line. It'll allow the oil to carry out the metal cuttings as it drains out of the 1/4" hole. Otherwise you'll need to remove the bit from the hole it's cutting and flush out the cuttings.
I have had good luck with a drill doctor on 1/4 inch and above bits. Are they as good as new NO. Will they cut steel yes, and do a good job. If you you use them in a drill press I doubt you can tell they have been sharpened. I buy smaller bits in 10 pack from Amazon or Ebay.
I no longer want to buy a new drill bit set 1/8 to 1/2 every time I go to store. Trying to use up some of the 100s I have.
If I have a stainless steel project I do buy new dewalt bits.
I do not have the ability or training to sharpen on bench grinder as some have here. Oil and slow speed are your best bet.
I wish I had as good as luck with my DD with following the instructions religiously. I swear some of these come out of the factory "spot on" and other one's not so much.. I've never been able to sharpen any bit "as good as new" with my machine.
So back to my big question, how often do you guys lubricate the drill bit?