Again, I'm new to metal working so please humor me some. 
I've drilled 1/2" holes in a junk axle housing similar to what I'd do for plumbing in a locker. I see that the drilled holes are not perfectly smooth. This may be a benefit to inserting a rubber grommet but I am wondering what the correct technique would be to smooth it out, ready for tapping, etc.
I have read that you can drill 1/64" less than desired and then use a carbide burr on a straight die grinder to smooth it out to a nice clean hole.
Thoughts?
My ultimate goal by asking many of these questions is to (slowly) gain enough experience so that I can be comfortable with metal working which would include cutting/fitting square/round tubing, welding, plasma cutting, welding on new shock mounts, spring perches, trusses, etc. to both do things to the Jeep and around the shop like shelving, tables, or whatever needs to be done on what I have now and on the "farm" I want to have again...
Thanks!

I've drilled 1/2" holes in a junk axle housing similar to what I'd do for plumbing in a locker. I see that the drilled holes are not perfectly smooth. This may be a benefit to inserting a rubber grommet but I am wondering what the correct technique would be to smooth it out, ready for tapping, etc.
I have read that you can drill 1/64" less than desired and then use a carbide burr on a straight die grinder to smooth it out to a nice clean hole.
Thoughts?
My ultimate goal by asking many of these questions is to (slowly) gain enough experience so that I can be comfortable with metal working which would include cutting/fitting square/round tubing, welding, plasma cutting, welding on new shock mounts, spring perches, trusses, etc. to both do things to the Jeep and around the shop like shelving, tables, or whatever needs to be done on what I have now and on the "farm" I want to have again...
Thanks!