Not to discourage the last 2 methods but the key factor is you are dealing with a distinct design that needs to be dead center and not off a little bit because it will show in the final assembly. Tough to do with either one of those methods. In my opinion. I will add that part so do not take offense. Post #13 and #14
I'll also add that I didn't take offense. However, the method shown in the video has worked well for me. Even better than drilling using a collet chuck. At least the few times I've done it, it worked.
when I 1st saw the video (posted in this forum years ago), I was trying to drill some antler where I wanted some of the bark showing. And I tried a few times just eyeballing, and drilling on a drill press with limited success. Using the method described in the video made it easier with much better results. Now that is drilling a blank that is not round or straight.
I've also used this method when I had to be dead on. Here's a segmented pen I did with aluminum, afzelia xylay, and desert ironwood burl. I was really nervous about drilling it because I knew it would look bad if it wasn't near perfect. I can't remember for sure, but I'm almost positive that I rounded the blank, then wrapped the blank with some rubber bands, then applied CA to the rubber bands to make sure they didn't stretch when drilling.
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Is it the best option? I don't know since I haven't done enough of these to know for sure. I think I might try doing another like this soon to see if I can duplicate the results.