William
On blind holes, especially ones that small you need a head with a well behaved and sensitive clutch so that tapping goes to depth each time and stops before the tap hits the end of the hole. Any deficiencies in the clutch will leave you with either a goodly proportion of incompletely threaded holes, a pile of broken taps or both.
Asking a lot of a lower end one I think. If doing one or two its easy to adjust the pull to cope with inconsistant clutch action. With 500 it needs to be "pull and go, lift and reverse" every time the same.
I have a set of Pollard tapping heads bought used via the usual sources which are excellent.
When used in conjunction with a drill travel stop tapping depth is very repeatable with the drive clutches disengaging cleanly ready to reverse when the drill feed handle is lifted. They are also sensitive enough to feel when a tap is becoming blunt as more pressure is needed to keep the drive going. Tapping also stops a little earlier with a blunted tap as it can't pull as far away from the clutch before drive is lost.
Absolutelly don't skimp on taps, the good ones are expensive for a reason, and lubrication.
I broke a few taps before I got the technique nailed down. Including an M12 fine in a monumental fit of inattention! Only one to do so I didn't set the drill stop. Ooops, bad move. Just because I'd gotten away with it before …
Clive