This may sound odd, but if you have access to compressed air while you are drilling/cutting your holes you can use the air as a coolant. If you blow a steady stream of compressed air at the hole while you drill it will help clean away chips and keep the tool cooler at the same time. It prolongs the life of the tool, sometimes makes cutting easier, and always blasts a lot of dust around. Messy, but helpful.
I am looking forward to my first CP. I am using 1/2" plexi for the whole thing (just a USB arcade control box) for use with my laptop and/or desktop computer. I figure I will break a few CPs before I am done drilling all the holes.
Later,
Brian