Cut the 1" hole with a Forstner bit which left a rough finish requiring sanding and Scotchbrite to remove 'fuzzy' finish. Sanding left a less desirable finish than the paddle bit.
Broke the sharp edges with a deburring tool and file. Fine emery cloth on second block. Restored the black finish somewhat with the motorcycle detailing spray (name?). Left a black dull finish which appeared more aesthetically pleasing that the grey from sanding. Done again, the paddle bit pushes the chips leaving a nicer cut than the Forstner bit.