I'd go with a combi first as it's quite versatile, then an impact for the "oomph" when you really need it, like setting muti-montis into concrete. Also, while I agree 2 decent sized batteries are ideal, I like a small 1.7Ah when drilling at height or above my head as it is much lighter.
As for hole saws, well I very rarely use them. If I need a hole in a metal box etc I use a hole-punch. There's no "chattering" on the enclosure which is nice, especially if it is populated, and you get a nice clean cut, albeit I run a Noga round the hole to deburr even though it's not usually necessary. If the box is installed close to a ceiling, for example, it's difficult to get a drill on top, so the punch wins by being so compact.
If the box is of thin metal then a pilot hole of 5mm followed up by a cone or step drill. Anything except attack it with jagged teeth whirly round thing!