Drilling, milling, EDMing, laser cutting, trepanning, punching; there are almost as many ways to make holes as there are holes to be made. Drilling, the most common holemaking method, itself includes many tool material and configuration options.
Reliably drilling high-quality holes in ductile cast iron requires understanding the material's structure, avoiding problems such as core shifting, keeping machining temperatures down and other considerations.
While rigid, accurate CNC machine tools and modern drill designs minimize the need for drill bushings, the well-proven concept remains a valuable tool for select applications.