great advice. I think this also solved some of the general problems I've had in the past using the wrong bit in my hammer drill...."borrowed" hammer drill.
First off you need the "Proper Tool" for the job. You need to be using a "Rotary Hammer" not a hammer drill, a hammer drill is pretty much useless when attempting to drill multiple precision holes in concrete. You don't need to spend a fortune either, you can pick up a good rotary hammer at Home Depot for example for about two hundred bucks. I've been using the Bosch Bulldog for the past 10 years with excellent results, definetly a great tool & investment. Use this on one job and you'll wonder why you ever dinked around with a hammer drill in the first place, what a complete waste of time.
http://www.homedepot.com/h_d1/N-5yc...splay?langId=-1&storeId=10051&catalogId=10053
As for the exposed aggregate I have found it helpful to cut a U shape around the stud hole locations in the pattern before taping the pattern in place, this way you can use a grease pencil to mark hole location through pattern and then flip up that small portion of the pattern before drilling. If you attempt to drill through the pattern as usual the bit will walk and tear up the pattern and you wont be able to determine proper hole location. Also after flipping up the little window you'll easily be able to determine if the bit will walk and you can counteract this by slightly angling the drill. Very often it is easily remedied by taking a small chisel and knocking the interfering pebbles out of the way before drilling, once again the little flap cut into the pattern allows you to remark desired hole location. Hope that all makes sense to you. I've done a ton of these installs and the exposed aggregate was on corrugated concrete walls, talk about the bit wanting to walk on ya, this is where I started cutting the flaps in the pattern as it was almost absoloutly necessary to redetermine proper hole location several times. I've also found the 2" short SDS Bosch drill bits provide a bit more control when starting to drill the hole with exposed aggregate, these are available in the 1/4" size bits at Home Depot & Lowes.