A barrel maker friend of mine who's been fiddling with AR's since the 70's offered this to me one day a long time ago:
"I've built quite a few of these over the years. I used to just drill the hole and be done with it. Over time guns started coming back to have new barrels hung on them ( talking service rifle shooters) and out of curiosity I began cutting up the old barrels just to see what the hole looked like inside. What I noticed is that the rifles that shot exceptionally well had the hole between the lands. This was purely coincidental as I'd never taken the time to mess with it before.
I began to make the extra effort to time the hole between after that."
Mind you this isn't a direct quote from the conversation as it was almost ten years ago when we had it, but it is accurate in every other way. There's been a lot of funk on the webz lately about how valid this practice is. I personally don't know as I don't have the 30+ years of practical experience with AR-15's that this guy does. I do know that in the ten years I've known him everything he has ever offered to me has been sound advice and his character is beyond reproach. So, I'm going to take him at his word.
I also know that the last couple times I shot a service rifle match it was at the Denver range and up in Bailey, CO and I shot the 3" spotter off the target six times when back at the 600 (all 10's
) and I won the 600 yard line with a 197/13X. That's a 197 with a seven by the way, but that's another interesting/funny story. Point is that ol AR had one of Mark Chanlynn's barrels in it that he had fitted and it performed exceptionally well for me.
One additional item about this is he tilts the barrel 2* off axis when he drills the hole. The idea behind this is to minimize the trailing edge from behaving like a cheese grater and peeling jacket material from the bullet as it passes.
Regarding the burr, break through, and poor edge around the hole/bore from the drill. A centerfire high velocity cartridge can flash to over several thousand degrees in the chamber. 20" out from the chamber the temps are going to be significantly less, but it is still a pretty violent and hot environment to exist in. I doubt a little burr is going to last very long in these conditions. Using a sinker EDM to minimize this is certainly a viable process that delivers a nearly perfect hole no doubt, but unless a guy has easy access to one I personally would not invest any money having it done this way. Just use good quality tooling in a good machine and follow fundemental machine shop practices and you'll be fine.
If your going to be using light bullets you may find you need to open the hole up a bit. .093" is the "std" for a rifle shooting ball ammo. It also works well for the heavier stuff typically used in service rifle competition. On an AR-10 I helped a guy build once we just started small and kept slowly increasing the size of the hole until the bolt would reliably lock to the rear after the last round. That rifle produced a 12X clean at the 1000 yard Tubb range in Raton NM (whittington center) the first time it was taken out to stretch it's legs. Shane Harless was the owner and he is a very, very accomplished long distance competitive shooter.
Hope this helps.
Chad