The KO won't survive drilling. Just use standard reducing washers.

Used 2 at a time, bumped sides inward, so they wrap around the box metal, are held centered, and are clamped by the threaded connector and conduit nut.
The only issue you'll ever see with these is they're not valid ground paths, but that's only an issue when using conduit shell as a ground path. It's not a NM or UF problem.
Speaking of "NM problems", don't forget to include a pigtail to the metal box in your ground cluster. Or if they give you enough ground screw sites, land every cable's ground on one! Or install a breaker panel's ground bar. Easy mode LOL.
I don't know what a "standard" cable clamp is, you'd have to use this style here so it has the thread and conduit nut. I know there are knock-in cable clamps, but no good with washers.
