That could work to if the drill press can hold it. Mine harbor freight version to lightweight.
OP - The crank should be easy to drill. So don't frett that. And the hole center is actually not that critical. The job is to hold the washer in place that holds the clutch on. As long as it does that it will be fine. Being off would really only affect the balance of the engine. And minimal at that. (I have done this with a hand drill btw)
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