There probably is no right way or wrong way of doing the tuner holes, except that the stepped hole is the right way! Like most everyone I suppose, I started my building doing the single size hole, generally the size of the bushing. When I started doing better finishes, I had a couple of instances of sideways pressure on the bushing causing the lacquer to bubble at the nut side of the bushing, and I did experience some excessive friction on the shaft if everything was not perfectly aligned. After a builder clued me in to the stepped hole, that issue went away. For tuners with screw in bushings I've seen some builders go as far as having 3 steps. One for the tuner rear housing housing, one for the shaft, and a third for the washer under the front bushing. I think this is done specifically to deal with the lacquer bubble issue. I've never tried that. If you have a oil finish, or are not going for a pore free gloss finish, or the bushing is not out of alignment with the shaft there probably won't ever be an issue. Even though many commercial ukes and guitars use the single hole style, I never use those instruments as a model for how I should build. In the real world, none of this matters to anyone but the builder. If you are comfortable with your style, and good enough is goof enough, then you're home free!