Ideally, Brian, you'd use a high spindle speed and have good stiffness in the set-up.
Jewellery-makers working free-hand tend to use micromotors to drill very small holes, though the metals drilled tend to be softer than steel.
I would probably attempt your job with either one of my micromotors (Foredom and Saeyang) or my Proxxon MF70.
I forgot to ask: how deep is the hole to be drilled?
Edited By Bill Phinn on 20/02/2021 15:11:37