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Coaxial indicators work GREAT for finding the center of holes in a mill. Can be found pretty cheap too. I use the one in our shop all the time, along with boring heads 
http://www.amazon.com/Import-Coaxial-Centering-Indicator/dp/B002YPA9JG
http://www.amazon.com/Import-Coaxial-Centering-Indicator/dp/B002YPA9JG