The carbide drill bit from Brewhardware for drilling the hole for the steam slayer is a 40mm. That's smaller than 1 5/8". 41mm would be more like it. Will that drill run out enough for that bulkhead to fit?
I used 40mm and it fit perfect. IIRC - When I was doing mine Brewhardware was out of stock so I had to order the bit elsewhere. I asked Bobby at the time and he recommended 40mm.