The resulting bit was reduced by 0.006 inch in diameter. It cuts holes too small for a 40mm magswitch to fit without grinding the difference. I bought it to drill holes for a 150lb Magswitch to make woodworking jigs. The edge and wire edges are left over from factory grinding. It looks like it's not the SMT manufacturer as the box says 'imported' and it's not orange SMT it's black color. I would not buy this product again for its purpose.