That's a good point - brad point bits are very good for this. Probably better than Forstner, actually. A Forstner bit used in a hand drill can just about break your wrist if you're not careful and drift off of a perfectly straight hole. A brad point bit is more forgiving, i.e. easier to control during minor misalignment. If you're using a drill press, either is fine.
Full Size Sail Rig
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