As long as the cartridge you're drilling it out for is in the same general class and not a way more powerful cartridge with much more powder, then its ok.
Eg drilling a 243 can out to work with a 308 would be OK. Or a 223 can to work with a 7.62x39 would be OK etc.
But drilling a 223 can out to work with a 308 class cartridge would not be ok.
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