- Edited
I am doing these later this week. I have done it before using a 3/8" Cobalt drill bit on slow RPM with cutting oil and I am doing these with a Golfworks .370 hosel fluted reamer bit. It is easy - just be careful about not deepening the hosel. I marked my bit with a sharpie at the stopping point. The fluted reamer is not an issue - it is flat-tipped and stops at the bottom of the hosel. L & L Golf in GA (Ron Oneal) just refurbished these for me. $13/head. You can find him on eBay
Of Note: Vintage PING purists will say I have killed the value of these, but they are for me to collect and play.