The holes for the wing tiedowns in my QB RV-10 kit were too small to use a jam nut. Using a jam nut is important to keep the threads in tension to avoid cyclic loading on them. I needed to open up the skin hole a bit but I wanted to keep it as concentric as possible and also not damage the threaded fitting inside. I ended up drilling out a 3/8-16 hex bolt and then turning down the hex portion on the lathe so it would fit inside a 5/8 piloted hole saw. When threaded into the tiedown, it provided an arbor for the hole saw. I went slow and stopped as it broke through the skin. I opened it a bit more with a deburring tool and used a dremel with a small scotchbrite end to get the edges completely smooth. The jam nut still sat a bit deep so I added 2 washers so I can get a wrench on it.
I’m sure there are other ways to do this but just wanted to pass on what worked for me.
I’m sure there are other ways to do this but just wanted to pass on what worked for me.