I start will a #80 drill and work up. When I have to punch a jet the largest drill size I use is a #77 drill. That would be .018“. I do remember using a number drill #76, .020“, but I found out the hard way that it may be too much. Now I only do this if I have a spare jet on hand. I should add that the material used in today’s jets is not the same as when I started in the ‘70’s. I’ve found some to be harder and some softer. Anyone who attends punching jet nowadays should be prepared to purchase a new jet or carb before attempting to do this. Voice of experience.