Hi wolfie, sorry to hear the sad news.
As I recall from my 10V, the problem is that the steam chest is cored out with a hole in the centre That means if you drill though, the drill skids on the far side of the hole (I'll call this the 'cavity'
.
So… regardless of whether before or after the other machining: drill the first part of the hole for the valve rod into the central cavity. Now get a piece of silver steel or just hard steel the same diameter as the valve rod witha point turned or ground on the end, and preferably hardened. Use this as a punch through the drilled hole to make a centre on the far side of the cavity.
The long drill now has a little centre pop to stop it wandering.
Or you can cheat and not have a 'tail' on the valve rod, it will work just as well and only you, me and Google will know 
Neil