[Hammer1]

Do you have a drill press? Set up a fence, blocks and clamps to hold your blank. One of the things that makes Forstener bits unique is their ability to drill end grain. I would establish the center and mark the starting point with an awl. Use a small Forstener bit and establish the hole through your blank. Then twist bits should be used in increments until you feel safe to use the 37/64". Forsteners and brad points may not follow the first hole as well as twist bits. It's always a good idea to back out when drilling deep to eject as much waste as possible. A dry lubricant on the bits helps especially with hard and knarley species. The correct size drill bit will give you a precise hole, sanding won't.