Thanks Mac, I'll take you up on that!
I'm going to build a jig for the hand drill tonight similar to what you showed me...
I can drop by after work any day next week (mon-wed), if any of those days works ok let me know...
I was so pleased with the way the jig turned out. I have a fence that is attached via slots in the drill press table. When I push it all the way back it is 2 1/8 from dead center. So I made my jig 4 1/4 wide, so all I have to do to line up the jig is push the fence back as far as it goes and I should be centered. To make sure its centered I put in a 1/4 bit and with the drill off I can lower the drill and if it goes into the hole for the dowel center, I know I am centered.
The jig is reversable in that I can flip it around to the other side and its still centered. That way I can always hold the jig w/ the left hand and lower the drill with the right...