Welcome to MadModder!
I always thought you spooted a hole and o[pened it up with a seies of drills to finasl size!
At work, I regularly use a 1.781" diameter spade drill in 304 and 316 stainless. No pilot hole, as spade drills really don't appreciate them.Even though it's isn't exactly a "hobby" lathe, I can still stall it if I'm too ambitious with the feed.
Presumably the SFM is measured at the edges of the spade? I'm trying to convert that into RPM in my head, without a lot of luck Edit: OK, think that's between 28 and just under 38 RPM?
Bugger, I forgot to convert feet into inches when I divided the SFM into the circumference. Blast these complicated mathematical thingmajigs!