The holes for these clock inserts are best cut with a forstner drill bit. The 1 7/16 inch inserts require a 1 3/8 inch hole. You can buy forstner bits to match the clock you are installing. Many of the clock insert sellers stock the forstner bits also.
The inserts are of different quality. The economy models are generally plastic with plastic lens and are okay for most projects. For a little more money you can buy the higher quality model with glass lens and metal bezel.
There are also two different types of mounting. Some use a rubber ring while others are friction mounts. My preference is the friction mount.
While you are shopping for the insert make sure the battery is included in the cost. You can also buy replacement batteries at the same time.
Klockit
Bear Woods
Steebar
Woodcraft
Clock Parts
Wildwood Designs
Sloans Woodshop