Recently I cut some 80mm holes in 20mm Aluminium with a hole saw; I was after the disks for a job. I did it in the mill.. 5hp so no problem with power. I did quite a few and in the end it was very difficult to release the tool from the self tightening Drill chuck. In fact it had crushed the hex shank of the arbour that holds the hole saw.
Upon reflection I could have damaged the chuck, fortunately it is well made and stood up to the load. But it worries me.
The mill has a 40int taper so positive engagement there no risk of scoring the taper in the mill arbour, I would not trust a Morse taper shank tool arbour to hold. unless it was pulled in by a draw bar.
Ideally I should make up a special arbour and directly mount the hole saw on that… No drill chuck needed The larger size hole saws are driven by two pins, the screw just holds them in position. Yes you do end up doing a lot of pecking to clear the swarf. And slow RPM is good. For the aluminium I used CRC RP7 from a spray can as a lubricant.
Oh… I normally let the hole saw float a tiny bit by screwing it right up on the arbour then releasing half a turn before dropping the pins in, this allows the saw to sit flat when it starts, they are not perfectly made often the blades are a bit off square to the axis.
Now where is that bit of steel for the new arbour? Not that hard to turn and mill it does not have to be a ground finish, a good afternoons work.
Regards
John