My favourite bottomless portafilter is the
factory cut/rechromed model Great Infusions sells for $58.99. I prefer when they're cut this way because you get a better view with a regular double basket, and it looks a lot prettier when it's re-chromed.
My own attempt at making a bottomless portafilter is pretty ugly. I got a hole saw and used a drill press, but there was enough chatter that the hole came out very ugly. Didn't help that the dowel I used to guide the centre hole was too long, and was rubbing on the wood I screwed the PF to the whole time, enough to burn a hole. I'm going to clean it up with my Dremel whenever I can find it in the heaps of boxes in the basement (home renovations...).