The holes in the axle flange are NOT the same size for the SAE versus the metric studs. They are an oddball ball size and you won't find the "correct" size drill bit. You can drill them out to the next closest size and it will work. That's what I did back in the day and had no issues. The correct way to do it if you can't get the hole the right size would be to just swap the axles out of a later G body. Plus you get to change the differential fluid which few people ever do.
I used a drill then a reamer to open them up to the proper size