UPDATED: Thing doesn't work, wiggles too much, wiggles a lot so never cuts straight. It wobbles when you cut, causing the bit to lose sharpness faster and heating up the metal. It takes me forever to drill a piece of steel, which shouldn't take that long. This is a great tool! I really like it and it made a lot of things easier! One of the things I noticed is that the tool holder shifts when working with harder metals, which is very annoying when you want a straight cut. When turning the part, the difference between the outside and inside cut was at least 3 mm. If you attach the tool holder to the stand, you can also adjust it at an angle if you're not careful. You'll have to measure everything to make sure it's straight, but it doesn't matter how it moves when you're trying to cut something. Overall a good product, great item for beginners.
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