Chain drilling is likely to create problems, not solve them.
Milling cutters, especially in these small diameters, are much better in homogenous material. Chain drilling leaves lots of “teeth” that could snatch the flutes, possibly breaking the cutter.
You don’t say how precise the slot has to be, but if it is critical, e.g. a keyway, it may be better to use an under-size cutter first along the centre-line then gently take the sides out to finished width.