I did say it was exiting. I've cut through 2X10s for dryer vents with a clone of this apparatus. In the 80s and early 90s, it was sold for this purpose.!I highly recommend not using it in a had held drill!
We all like challenges John and this is one . Kinda like drilling holes in tractor decks with S@D drills and seeing how many revolutions your wrists can do before you have to let go . Yes , this is a trepanning tool for a mill or drill press . The drill ( usually 1/4" ) can be replaced with a dowel . More suited for wood/plastic and aluminum sheet .I completely agree that nowadays this should never be used handheld.