I had to drill (6) 3/8 holes in 1/4" 304 SS. This was a learning experience. In the process I broke 2 $$$ Norseman bits...but I did gain a lot of knowledge.
The first hole I drilled I used a pilot hole then came in with a 3/8 bit and it was done but on the other 5 it was a disaster.
Since I had a hardened coated P bit that is slightly smaller then 3/8 I pre-drilled with this. The problem was that it was so close in size to 3/8, that for what ever reason, it was impossible to then drill with a 3/8ths bit...it would not budge....maybe the small amount of material got so hot so quickly that it hardened. ??? Still lack understanding here.
I ended up using using 6 bits incrementally up to 3/8...4 lettered then 2 fractional and even this was tortuous and I broke 2 expensive bits.
Later I had to drill (4) 1/4" holes. I bought a Cobalt, split tip bit. Using a hand power drill and pressing as hard as I could I was successful... stopping every 10- 15 seconds to lube.
Any input on 118 vs 135?
+ where does a machinist buy bits?
It sounds like using expensive coated bits on SS is a waste of money???
People greatly misunderstand pilot holes. Your pilot hole should be tiny, no larger than the web of your bit at the pointy tip. For a 3/8" hole in 303/304, I most certainly would not do a pilot hole; waste of time and you risk breaking such small bits.
The larger the pilot, the harder it is on the cutting edges of the larger bit.
I buy drill bits from a machinist supply like Enco, MSC or Traver's. Avoid Shars and CDCO for cutting tools (some of their inexpensive insert tooling can be ok for a budget user, not really applicable to sizes like 3/8" though).
No, I have no input on 118 vs 135 as either will do what you want, but if cost is equal get 135 for SS.
If I were doing what you are, I'd center drill or spot drill, then throw in a quality HSS bit (I like PTD, Precision Twist Drill, but Hertel is ok on a budget) at 3/8" and go to town around 350 to 450 rpm. Heavy feed down maybe an 1/8", back out, fresh lube w an acid brush, and repeat.