I used a variation on a D bit to make a long-shank countersink for a project I was working on.
Call it a "V" bit since the included angle was 82 degrees. It worked just fine, at least on the aluminum "U" extrusion. I needed to countersink a hole on the inside of the extrusion so the countersink had to be long enough to go all the way to the other side. I turned the V on my lathe, then milled the flat face. After that I hardened it and touched up the cutting edge with a diamond hone.