Buy brand name hole saws like Milwaukee, Lenox, De Walt, Starrett, Blu-Mol, or Bosch. There are others but I would try to stay with American made and only with Bi-Metal hole saws.
Keep the speed as low as you can, 300-600 rps is the range i use. I wish that someone would come out with a hole saw line that is intended only for metal cutting. Most hole saws will cut metal but most have teeth more for cutting wood or other soft materials. Small teeth are better then big ones. Just compare a hack saw blade to a saw for cutting lumber.