can you separate the plastic overlay from the (wood) with the 1-1/8 hole?
If so, consider:
1) Printing a joystick template with a button superimposed on top (most joystick templates
don't have a center crosshairs for the 1-1/8 hole, so I superimpose a button to give you one)
Print it on a transparancy sheet if possible, preferably one wider than the width of your panel.
2) Affix the transparency sheet of the back of the plastic and line up the up/down/left right
directions with the footprint of the template by edges along the length. Use only a little tape/glue
The 1-1/8 hole should also be centered
3) Attach your (wood) control panel so that the transparency is sandwiched between
the plastic and wood
4) Attach the transparency to the wood by edges along the width. Hold it in place and
separate the wood and transparency from the plastic (if you used only a little glue as in
step 2 this should separate easily). The transparency should now be in the correct spot
on your panel for drlling, albeit from the top of the wood.
5) Drill smaller pilot holes through the top of the wood, then shoot through with your
final screws/bolts from the bottom, or however you planned to affix the joysticks.
I've never tried this procedure before, but just thinking it out, it seems like it should work...
Good luck