I don't know this from personal experience, but I believe the ideal method is to use rigid tapping with a tension-only holder. This permits peck-tapping as the thread starts at the same point every time, but also permits a slight amount of variation between the thread lead and spindle synchronization on retract. No over-run on entry so you can tap to within a few 'thou of a blind hole every time in all materials.
It's reported in a few places online that this method creates more accurate threads and the taps last longer.
If someone wants to send me a tension holder I'd be willing to give it a go...
I stand corrected.