Like steve said, radius the edges of the hole. Sometimes, just putting a good radius on the inside of the hole allows additional flow and you can cure boost creep and not significantly open the hole up.
Drawbacks to opening the hole up to a larger diameter are you will have to adjust your wastegate rod tighter to achieve the same boost setting. Which means now its harder to adjust the rod and the max boost you can run has now been reduced.
A big mistake a lot of people make is they get a new elbow with a larger puck, then open the hole in the turbine housing to just under puck size, and now the rod has to shortened 1/4 inch to achieve the same boost. If they didn't have a creep problem to begin with, they solved nothing and made life harder for themselves in one easy step.
A dremel tool with a double cut carbide burr will cut through cast iron like butter. They cost more and they are harder to find (Lowes, Home Depot and Walmart don't have them) but they will last forever (relatively...20-30 hours of cutting cast iron) I usually bend them before they get dull.