Thanks for all the suggestions. Since these were cheap can lights (HO provided) they required a 5 3/8" hole and had a tiny trim (no room for error). I chose to go with the adjustable Ideal(R) hole cutter which is designed with two cutter blades on an arbor. Big mistake. It only adjusted in 1/2" increments and cuts a sloppy hole. The darn thing hung while cutting one hole and caused my drill to slam into the top of a cabinet and bust the trim. I'll have to reimburse the HO to have it repaired (I should send the bill to Ideal(R)). You can bet this is the last time I'll use the Ideal(R) cutter or install cheap can lights.