I prebore to 20 thou under the shoulder diameter far enough that about half the pilot will still engage the bore. Then I prebore about 1/8" to a diameter where the reamer will just start. This gives 2 spots spaced reasonable far apart where the reamer starts concentric with the bore.
The prebore winds up being about 1 1/2' deep. As mentioned above, do a rough prebore and then clean it up with a boring bar. I do the roughing with an end mill rather than a drill to give a cleaner end of the prebore. You'll need a boring bar that'll do at least 1.5" depth of cut. Do not let the boring bar bottom or you'll cut a groove the reamer may not remove.
The method is fast and consistently gives great concentricity and minimum chamber diameters. I'm using a flush system, so reaming goes very quickly. If you're not using a flush system, putting more effort into a more detailed prebore might pay off.