Hi Gordon
I'm one of those idiots – I do nearly all my tapping using a power drill in low speed with a clutch, have done for years.
It works very well, but 12mm steel would mean that you would need to be very accurate with the drill angle. So personally I may do one or two carefully with the drill, but for any quantity I would use a tapping head in the drill press. One of those arms sold for tapping that keep the head parallel would work I guess.
But for what it's worth, I set the clutch to a low setting, just enough to not ratchet out, so if there's a problem it stops. I power out in reverse as well.
I always put oil or tapping fluid on the tap.
I try to put the work vertically in the vice so that I can brace my elbows or forearms on a bench or the front of the vice and I make sure that the tap is perpendicular by eye by looking down, then from the side then down again and go. Wherever possible I use the right hand side of my vice so that if it kicks it's supported and doesn't swing upwards towards teeth and I find that I can position my arms best that way.
Sounds complicated, but believe me it's fast and surprisingly accurate once you get the hang of it and obviously the trick is getting the alignment right especially with thick material.
Anything up to 5 or 6mm with an M6 should be straight forward. But there isn't much margin for error in 12mm steel !!!!
Cheers = Will