I did the same exact thing, but different. I drilled a 1/4" hole in my DP table, then turned a point on a section of 1/4" all thread, then attached it with a nut and washer on each end. When I need such a hole, I just bolt the hole center in. I set and check center with another piece of turn pointed rod in the drill chuck, and drill as previously described. You can buy such a jig, but it's just too easy to make. Besides knife making, I also build flintlock long rifles, which require a number of accurately drilled holes that need to be in pretty close alignment, from one side to the other. Works great. Only time it is tricky, is when you try to drill an off center hole on a round surface, then you have to be very careful.