Hi, I've been through this myself. As stated above, Forstner bits and routers are a recipie for disaster. I tested a Forsnter bit with a hand drill in my 2-1/2" thick ash top and I might as well have been drilling into concrete. I wouldn't be surprised if I would have burned out my drill motor if I tried the whole job that way. Also, the little press stand I was using to maintain perpendicularity to the top was worse than worthless. [tongue]
A spiral upcut bit on a router will make the cut very well - it bores fast and the router will maintain perpedicularity. This option does have two drawbacks (1) router drift and (2) incomplete bore depth. The best way to address the drift issue is to fix the router in place in some way. I have a Festool system but even on the track, it drifted a bit, no matter how well I tried to hold it in place. Later, I saw a video of a guy who made a template with a cutout the exact profile of the router base. The template was scribed with vertical and horizontal lines that were aligned the dog hole marking lines scribed on the bench top. Place and fix the template (clamps), set the router inside the template, and plunge away drift-free.
Which brings us to problem (2). The 1400 with my upcut bit would not plunge to the full thickess of the table. I tried the Forstner option again, but same as above. So, I purchased a 3/4 Colt brad point bit and first fixed that to my T15. Waaayy too slow. [sad] So, I brought out my Big Gun, an ancient, solid aluminum bodied Thor drill that has one slow speed and an ungodly amount of torque. I used to use this drill to bore auger bits through 2-3 railroad ties or landscaping timbers. It did not let me down. [big grin] The one thing I had a problem with was tear out. Of course this is on the underside of the table, but even with a hardwood backing board, I could not prevent it entirely. [mad] I probably should have finished with a different bit, but I was losing patience.
Or maybe you could make a custom 2 foot x 6 foot table for your drill press!
Good luck with it.