Ok, I done some testing by drilling a 1/8" hole through a 1" forged steel torsion bar key with the mill this morning. I was surprised that I could do that with a cheap lowes / dewalt drill bit I found new in the pack in my loose drawer of bits. That went so well I checked the needed drills for this first model casting kit I am starting on and only 1 of the needed drills on the list I made was off more that .002" so I ordered 2 cheap drill and tap combo kit's from amazon for like $15 and problem solved for now. I am just building model gas engines from casting kits and I don't think any of this is going to be difficult materials for now. I will just supplement my existing m42 fractional drill set as needed from the local fastenal, the same way I do when I need replacements, they stock the m42 cobalt. Being I was trying to spend money and failed, I ordered a set of 5c collets, square and hex blocks with closers as well, problem solved.
I appreciate the weigh in on bits, I had found m42 to be preferred as well for everything prior and was just struggling to spend $160 on a set I have never needed in 57 years prior and only thought I needed 4 of the 60 currently. Worked out and put the money to better use.
Thanks Again, Doug...