You bet, BT. It is really quite awful stuff to drill with conventional twist drills. Perhaps a spade drill would serve better, because there would be far less wall contact, and you could even relieve the outside lands of the spade if you wanted to reduce wall contact even further.
Reaming, well, it better be a perfect carbide reamer.
First you get good, then you get fast. Then grouchiness sets in.
(Note: The opinions expressed in this post are my own and are not necessarily those of CNCzone and its management)