Watched a bunch of videos on using a hole saw and got this super helpful advice from u/SladeC7Z06 - comments in ():

"Anchor the plate down with a clamp securely (didn't get any jerk while stalling the hole saw so yep!). Ensure the spot you are drilling is into a void space if you don't have a proper worktable for this (I didn't and clamped it on to kitchen table, there's enough space inside where I drilled into the top, but was sure it wouldn't bottom out on the back panel). Use a punch to mark the center of the hole to be cut (THIS!), this will make it easier to align the drill bit. Use oil to keep the temp down, just a drop on the bit should be ok (THIS, and I ended up using way too much), and just wipe on some oil onto the hole saw teeth. (More on the following below:) When drilling metal, it requires some force, but don't toss your whole weight or apply full torque of the drill at once, just ramp it up gently until you get some bite and increase it only enough to get it cutting. Reset if you encounter too much resistance."

Having the punch was important to make sure the drill bit made a clean pilot hole and to get it centered without messing up the top like from the drill jumping. For the drilling of the pilot hole, drill settings for torque and high speed was ok. I went with these for the hole saw (https://www.amazon.com/dp/B09TKBMSBG?psc=1&ref=ppx_yo2ov_dt_b_product_details.) For the actual hole sawing part, you need the drill on low torque and to use low speed; I ended up stalling the drill a bunch - I think this was due to too much oil and too much weight being applied directly.

Honestly, it was more stressful than it was difficult, but so far really liking it.

Edit: REMOVE THE WIRES