Ronnie,
I called John Lucas this morning about center marks on inside-out turnings. (Sorry, I had a couple of woodturning beginners here until just now.)
John said he he uses a technique very similar to what Dan described, knocking off the corners before the glueup. John said he uses a small carving knife. He said it is best to get all the corner bevels the same, of course, (I assume in both angle and size) but recommended also drilling a small hole since the point of the live center can still wander off. He said he's built jigs and things to drill the center holes but usually doesn't bother.
As for the center drills, Sir Lucas said in some circumstances he has still had them go off the exact center in wood with soft and harder sections - it's not the short, stiff drill bit that is flexing but the wood.
JKJ