Move the porcelain sink to an outdoor location if possible.
How to grind ceramic sink.
Porcelain sinks seem to have a paradox about them.
Place a plastic bucket under the hole you need to enlarge.
Step 4 gently apply pressure with the grinding disc to the tile surface.
If the porcelain is coating cast fe and the sink bottom is flat you might consider a mag drill.
Personally i would try and get an old cheap sink of same the construction to give a few trials on.
As far as chipping just go slow and deal with what shakes out.
They re durable and hardy but they crack easily at the first sign of a drill.
Start out very slowly with the grinder set on a medium speed until you can get a feel of how fast the tile will grind.
Set a water filled 1 gallon milk container next to or above the hole.
Just for my info how much material has to be removed.
A ceramic grinder uses a metal aluminum oxide or similar grinding wheel this is a wheel that has sharp metal flakes of aluminum oxide glued to the surface much like sandpaper.
One person suggested to get a dremel and cut away the rim from the retaining nut without removing the sink less work someone else suggested to take the sink out which means cut the sealant and caulk remove the wood holding the sink remove the piping and cut it with a tile cutter.
Install a porcelain tile grinding disc on an angle grinder.
Use small grit for a more mirrored finish and larger grits 120 and up for rough grinding.
This could really change the approach.