Regardless of the subspecies even if using dowel plate made from mild steel this will work. Yes the hole will dull, even if the plate were silver steel it would. So you drill a new hole and use that. Simples. Or one engages the noggin and drills multiple holes to begin with, using them in sequence. Even more simples!
To forestall any doubters, yes mild; I've seen dowels produced in purpleheart using draw plates made from angle iron, and purpleheart laughs at hickory.
But perhaps the elephant in the room is how straight the grain is in these and whether many have grain runout (if I were a betting man I'd say more likely than not) and how bad it is. On any where it is particularly bad no method may be entirely safe so the loss rate may be unacceptably high.