big john said:We do a lot of stainless for pharmaceutical production areas. I've gotten very good results using new hole saws and a lot of cutting oil. Every couple of seconds I stop and fill the cut groove, and cut on low speed at high pressure. The holes go pretty darn quick and the bits last a good while.
The company is sorta afraid to use KO punches on that stuff so I can't tell you if that works. I do know that a brand new hole saw, used without cutting oil, will burn out after a single hole in 1/8" stainless.
-John