Originally Posted by
napierm
At a minimum, I would support the gear in a drill vise and carefully mark and drill the holes that way. Start with a smaller pilot drill and work your way up. Don't do it by hand.
Having said that, I can also say that sometimes despite all my efforts a drill will still sometimes wander off center. Even a pilot hole may not be enough if the drill finds some "grain" in the metal. When I drilled the gear legs for my BD-4 I made a jig out of steel and then used the jig to drill the holes. Even then the holes needed some light reaming to get all four bolts through.
If you have any doubts, let a good shop do it.
FWIW,
Mark Napier