I am getting ready to start building some new end tables for my wife. In a pull out drawer, there will be an inset/recess for storing remotes, etc. I just ordered a MLCS Katana 1 1/4" diameter bowl and tray bit. I have an older 2 1/2 hp PC plunge router. Will it have the horse power to spin this bit and cut red oak when plunging with it? Should I predrill a hole to start the process? The bit has a pattern bearing so I intend on make a pattern our of 1/4" hardboard.