As far as chipping just go slow and deal with what shakes out.
How to grind ceramic sink.
Step 4 gently apply pressure with the grinding disc to the tile surface.
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.
Move the porcelain sink to an outdoor location if possible.
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.
Place a plastic bucket under the hole you need to enlarge.
Use small grit for a more mirrored finish and larger grits 120 and up for rough grinding.
Ceramic is a very hard material and you need special tools to grind it properly.
Personally i would try and get an old cheap sink of same the construction to give a few trials on.
Porcelain sinks seem to have a paradox about them.
Install a porcelain tile grinding disc on an angle grinder.
It will grind down a ceramic tile or object with precision.
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.
Just for my info how much material has to be removed.
Set a water filled 1 gallon milk container next to or above the hole.
They re durable and hardy but they crack easily at the first sign of a drill.