I guess I tread the middle ground, 9/64 for #6 holes, 11/32 for #8.
Greenlee punches, 1/2, 3/4, 7/8 and 1", plus another brand 1-3/16 keyed punch which is right for some octal sockets, I just clip and file off the little "key" tab to make for a round hole (this was originally to for Allen-Bradley industrial pushbutton switches and indicator lights). I also got one of Uncle Ned's punch sets, OK for aluminum, brass, copper, some plastics, but not up to the job on all but the thinnest steel, as the metal is not hardened like the Greenlees. Any other size holes, I bring the chassis to work here and use their punches or hole cutter bits. The ball bearing "slug busters" work great!
If you need larger or odd size rectangular cut-outs, a nibbler tool is the way to go. Greenlee does make square punches but they are made of pure unobtainium.
The Mouser red and green rocker switches fit perfectly into the 20 mm hole, though a little plastic "locator ridge" has to be trimmed off the switch.
A 3/4 dia hole is too tight for these, as I found out the hard way. I got the switch out, but it was ruined. Now I just use NOS or "rescued" bat handle toggle switches, that fit a 1/2" dia hole. I bought some new "made in China" ones from Jameco, they were crap, but then they were also low cost. Lesson learned...
/ed brown in NH