TJKI,
It is nieve to establish a coordinate system on any part from a single hole unless all features are coaxial with that feature and rotation of the coordinate system is irrelevant! You have a "sheet metal" part and assuming that means that the "hole depth" is insignificant... you would need a surface feature to serve as the primary datum feature. If you chose a single hole to establish a "(0,0)datum" as you say you would still need a tertiary feature on that part to stop rotation so that coordinate displacements +X+Y, -X+Y, -X-Y, and +X-Y could be determined (not to mention +Z, -Z for the sheet metal surface conditions).
The point is that measurement (reporting the associated +/- displacements) depends upon defining "a coordinate system" A surface (three tangent points), an edge (two tangent points), and another edge (one tangent point)... or a surface, one diameter, and a slot... or a surface (primary) and a pattern of features (secondary and tertiary simultaneously) "as described in your case" are needed to do any repeatable measurement.
Basic dimensions do not need to be specified for their specific coordinate +/- signs on the design specification! If they were it would limit the design to specifying only one coordinate system for measurement... but that is not the case in many designs. Each feature control frame defines its own "coordinate system" and the only "customer relevant information about the measurement results is whether they comply or not with or without probability estimations.
This is not to say that what you propose has not been done... but if you do it "do it right". Function... let me say that again FUNCTION should drive the selection of datum features (Primary, Secondary and Tertiary... as necessary)! Once that is accomplished and there is only one specified DRF that deserves functional recognition and it is consequently soley specified... and detailing complexity warrants that a table of basie dimension values is favorable to detailing conventionally... then illustrate the X+,Y+,Z+ related to the X0,Y0,Z0 thereby defining the origins for translation and rotation of the basic dimentions in the table.
Failing all of those prerequisites and precautions detail the basics conventionally without signs. They describe the theoretical exact form, orientation, and/or location of the feature "AS ILLUSTRATED" on the mechanical specification.
Paul