Use the Helical drilling strategy to bore out a large hole with a small tool. The concept is similar to trochoidal milling. The difference between the two is that trochoidal milling machines a slot (no variation in Z) and helical milling drills a hole (machines down the Z axis).
There are several pages associated with the Helical drilling strategy:
For more information on the Strategy Selector dialog, see Toolpath Strategies.
The common tabs are described in common toolpath strategy pages.
For more information see Helical milling example.