Drilling stainless, composite and granite — three different jobs
If nothing on the sink is spare, the faucet needs a new hole, and the correct approach changes completely with the material. Getting this wrong on stone is the expensive version of this mistake; getting it wrong on a composite sink bowl is the common one.
Stainless steel
The straightforward case. Centre-punch the spot so the bit can't wander, lay painter's tape over the area for grip and to stop scratching, and use a step (unibit) drill bit at low speed with steady, even pressure and a few drops of cutting oil on the bit as it works. Let the bit do the cutting — leaning on it work-hardens the steel and dulls the edge faster than the hole itself wears it out. Deburr the underside of the hole with a file or a deburring tool afterward so a sharp edge doesn't chew into the faucet's rubber washer over time. It's a noisy five minutes, not a difficult one.
Composite sink material
Granite-composite, quartz-composite and solid-surface sink bowls are a different material entirely — a resin-bound aggregate that chips and cracks under the kind of side load a step bit applies happily to steel. Use a hole saw sized for the faucet shank rather than a step bit, run it at a slower speed than you would on metal, and back the underside of the drilling area with a scrap block of wood clamped in place to support the material and stop blow-out as the saw breaks through. Keep the saw moving and let it cut on its own weight; forcing it is what cracks composite. Mask the area with tape first, both to mark your centre point and to reduce surface scuffing.
Granite or quartz countertop
This is the job worth pausing on. Natural stone and engineered quartz need a diamond-tipped hole saw run with constant water cooling — dry diamond bits overheat and either glaze over or shatter the stone around the hole. Start the bit at a shallow angle to score a guide groove, then bring it upright once the groove is established; going in straight from a standing start is the single most common way this cracks a slab. Keep the water flowing the entire time and let the diamond grit do the work at a slow, steady feed.
Unless you've done this before, this is the one step worth paying a countertop fabricator or plumber to do. A cracked slab is a four-figure repair that no faucet-hole project justifies, and most fabricators will drill a single hole in an installed counter for a modest call-out fee. If you'd rather not touch the stone at all, a countertop RO unit that draws from a reservoir needs no hole whatsoever.