Yes, using a drill. A drill press is best. A hand drill, crank or electric, will work. Here are some tips about prop holes that can enhance your sport flying.

The above information concerning using the drill press is mostly all good. Use some common sense care and don't get in a hurry.

If you use a hand drill, secure the prop and use slightly larger drill bits each drilling. As said above, the bit will tend to follow the hole. Let it do so. Then by using several drillings, each just a tad larger, you will get a decently straight hole through the prop.

If you should get the prop hole too large, simply cut yourseld a strip of masking tape, the width slightly less than the prop. Wind this tape around the propshaft ,until you get a build-up that looks good. If the build-up of tape is too much, take some off. If you get too little, add some more. This will work for centering the prop, is easily adjusted or removed, and takes little time.

Now I have some experience in props from the time I was 8-9 years old when I carved props -- or some resemblence of a prop -- for a spark ignition engine and a CO-2 motor. Maybe not the most efficient, but it worked to "git 'er done."

I have a reamer on the worktable and one in my flight box. I much prefer the drill.