There’s a little wiggle room because i just need the hole big enough to fit a rubber stopper. The stopper is tappered top to bottom measuring 1-11/16 to 1-15/16.
I was hoping this would work: 1-7/8 is about 46.5mm.
OCGIG 6-65mm Large Titanium Coated Step Drill HSS Spiral Groove Cone Drill Bit Hole Cutter https://www.amazon.com/dp/B075K5TLN2/ref=cm_sw_r_cp_api_i_pTGkEbNR6GR8T
Amazon bits are cheap. I used one before with success by going to slow and using cutting oil to keep things cool.