Simple is often more difficult, paradoxically.
I'm dubbing OLDSKL's manual circle cutter OLDSKL's Cesar Jig. In the 1955 Jules Dassin film
Rififi, Dassin plays a safe cracker named Cesar le Milanais. To crack a safe noiselessly (30 minutes of the film elapse without a word spoken) he assembles a
manual cutting jig to score a hole through the side of the safe.
It was a different time and place. Can you imagine burglars in neckties now?
This is the kind of cutting point I'm talking about. I whittled this out of a 1/4" eye bolt based on the shapes of commercial lathe cutting points I've used.