Floridia boys know fiberglass handling, ugh. Tape over gel coat face 1st. High speed fine teeth drimel bits or saber saws or copping saws to abraid rather than cut fg or splinters or grabs cutting tool. Fg hole saws have castle flat teeth with abraisive on faces. Drill are knobs with grit on them. A cable saw, ie: sharp textured wire with finger or dowel loops at ends does a pretty good hand control efficient slicing. I've use my various dia. chain saw files to open last bit of big holes for Peel running lights in thick wall fairing and finish small holes of gradually worked up regular drills applied with teeth gritting care. Might consider small ring of holes ~1/4" inside of final size then connect the dot and handle file or dremal grind to suit. Can also thicken up- back up back side of ring with good ole JBW and even custom mold back side of hole to conform nice to light fixure. JBW can also fix and find cracks and blems. I'm not good enough to hold a hole saw w/o tiny hang ups jerking it out of control. Various weather stripping home or auto or marine might be good to finish the hole edge.