You just need to fill the base part in, unless the top hole is too far off, then just fill and drill again. The suggestion about the awl is a good one. On occasion I have used thumbtacks. I line the CPO up on the control panel and use a couple of those big spring clamps you can buy at HD for a buck to hold it down. Then I stick a thumbtack into the center of each hole.
If the overlay is not printed with the center point a good way to cheat before you stick the thumbtacks in, is to take a protractor (yes the old POS things for drawing circles in grade school). Set it to about half the diameter of the hole and draw 5 of 6 arcs using the point part on the edge of the hole. This will give you a point where the lines intersect. That is the center of the hole. Do that to each of the holes and then clamp it down. Then thumbtack away. The clamps should hold it steady.
When you have poked all of the holes, pull the thumbtacks out, unclamp the CPO and carefully lay it aside. now you have the center of the hole marked. Drill a pilot hole with a 1/8" drill bit.
Take the large hole saw and carefully drill in from the top using the pilot hole as a guide. Only go in 3/8 of an inch (a littlemore if you have long shank buttons). When you are drilling have your drill going fast but don't use a lot of pressure. That will give you the cleanest cut.
Next take the smaller hole saw and drilling from the top also (you saw what happened when you drilled from the back...

) drill the small plug all the way through. I usually have a small scrap of wood clamped on the back to prevent splintering when the saw breaks through. Once the center plug has been removed, use a wood chisel to carefully carve away the little ring that is the difference between the inner and outer holes.
Unless you have a drill press with an extension mandrel you will find it almost impossible to reproduce the original angle trying to drill from the back. Part of that is just that with the over hang of the back side of the CP it is difficult to get the drill perpendicular to the top of the CP.
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