Been readin Model Engineer dated 1950 something.
The writer claimed he could sharpen a drill to make a hole as accurate as a reamer and had been doing this for a number of years. His secret was to sharpen as normal, then grind off the very tips of the outer edges of the cutting edges . It looked as though the cutting angle was a normal 118 deg and then the outer corner of the lip (.020 – .040) ground to about 45 deg.