Common practice in my early days 1950/60s was was to mark out , then centre punch with a small punch (prick punch) using eyeglass to position punch by sliding point of punch along one scribed line until it met the other marking line.then with centre drill in a drill chuck on a drilling machine position the centre drill over punch mark and drill the hole.Never saw or heard of a spoting drill and never used a Bridgeport type mill with quill as the company did not have one.most of the material drilled was thick bright mild,brass and ali castingstypical instrument making where accuracy was important and no complaints about the centre drills. Next job was making prototypes for making printers and converting typewriters to electronic operation mid 60s. There the company approach was different,it was all thin steel prototype pressings, so holes were again accurately marked out but then drilled with a small twist drill,and for bigger holes a larger twist drill used to follow up.no problem with hole positions and quicker, In the 1970s I was a procurement engineer on early hard drives,lots of small holes at really tight positional tolerances mainly in gravity die cast aluminium ,some in machined surfaces other holes in as cast surfaces and a lot of them tapped,with a very resolute company policy problems with hole positioning became nightmare, by then two axis punched paper tap was the main control systems , and various spotting drills were tried to stop drill wander particularly on cast surfaces. And thats how it continued,into full cnc control times with the spotting drills with no flutes and a very stiff flat sided point ,it was just a very high spindle speed and a lighting quick feed that kept things going ,centre drill spossible would not have stood up to the production rate running at 24/7.Since those days I have found that on a good turret mill ordinary twist drills will drill directly in without any form of pilot drilling without wobble , I have some 10mm spotting drills ,though they only get used for boring bar tool bits and deburring holes. I have no problem with centre drills, though even my stock of centre drills is at least 30 years old and made in England perhaps the old ones were ground better than the moder oriental ones. The cause of centre drills wandering and leaving a pip may be the lack of the centre pop before drilling and poor spindle bearings in the drilling machine. I did try some time ago drilling a hole 6mm diameter into flat bright mild steel, In my Fobco the drill tended to wander ,in the Large Elliot Milmor the drill went straight in without any wander,with both spindles in good condition . It just shows how much stiffer and rigid a mill is compared to a drilling machine, I tried this experiment as I had a commercial job where I could save time drilling direct to size without resorting to marking out ,and spot drilling, or making drill jigs.