Move the porcelain sink to an outdoor location if possible.
How to grind ceramic sink.
Just for my info how much material has to be removed.
They re durable and hardy but they crack easily at the first sign of a drill.
Set a water filled 1 gallon milk container next to or above the hole.
Step 4 gently apply pressure with the grinding disc to the tile surface.
It will grind down a ceramic tile or object with precision.
The good news is that drilling the initial hole is the most difficult and riskiest part of drilling into a porcelain sink.
Install a porcelain tile grinding disc on an angle grinder.
One person suggested to get a dremel and cut away the rim from the retaining nut without removing the sink less work someone else suggested to take the sink out which means cut the sealant and caulk remove the wood holding the sink remove the piping and cut it with a tile cutter.
Personally i would try and get an old cheap sink of same the construction to give a few trials on.
If the porcelain is coating cast fe and the sink bottom is flat you might consider a mag drill.
Start out very slowly with the grinder set on a medium speed until you can get a feel of how fast the tile will grind.
Ceramic is a very hard material and you need special tools to grind it properly.
As far as chipping just go slow and deal with what shakes out.
This could really change the approach.
A ceramic grinder uses a metal aluminum oxide or similar grinding wheel this is a wheel that has sharp metal flakes of aluminum oxide glued to the surface much like sandpaper.