For cutting plywood centering rings
and bulkheads I use
a router and a Jasper Circle Jig (Model 200). This jig was
originally designed for making speaker cutouts. It mounts directly
to the base of a wide variety of routers. The Model 200 will cut circles
in 1/16" increments from 2-1/4" to 18-3/16" in diameter.
The Model 200 is manufactured on a CNC machine
to insure that the router mounting holes and the array of pivot hole are
located precisely with respect to each other. It is 1/4" thick and
seems to be made of something like Lexan.
I purchased mine from my local
Woodcraft
store for $35.00. They are also available from
Parts Express
(part number 365-250).
To help reduce the dust
spray I
also mounted to my router a Shop Vac extension tube with a PVC elbow
fitting on the end of it so that it will collect much of the saw dust that is
generated.