</font><font color="blue" class="small">( You need several factors to drill large hole efficiently in steel that are difficult to achieve with a hand drill:
1. Correct RPM's.
2. Feed pressure / rate. Can be achieved if you put your weight over it in a vertical-down orientation, but very tiring in other orientations. If you have insufficient feed pressure, the cutting edge of the drill will not grab, but instead bounce and skid over the surface, generating a lot of heat and quickly dulling. Achieving enough feed pressure is one of the reasons drilling the hole in steps is helpful. Each cutting operation spreads the pressure over a much smaller edge than if the entire diameter of the hole were engaged all at once.
3. Torque to handle the combination of #1 and #2. Even a larger drill press can run out of torque if the belt slips.
4. Securement of the piece AND the drill to counter-act the torque. Both for safety and accuracy. If you have a drill with enough torque to do the job, if it binds or snags on exit, (more likely if drilling thinner material), it will likely have enough torque to injure the operator.
5. Cooling. Because it takes both hands to safely operate the drill (see above), its difficult to be able to add enough coolant while drilling. Many coolants designed for machine shop use are typically low viscosity and need to be applied continuously during cutting. On a machine shop setup, there will be a coolant recirculating pump and adjustable nozzles to do this. In a pinch, when hand drilling, if you use a thicker oil for better cling (like motor oil or gear lube), you still need to make sure you have enough flow of oil to carry the heat away. We are not talking just a drop or two so this is quite messy. Also, don't breathe any of the smoke.
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some very good points indeed, just this evening i was opening up some holes to 1.200 inch with a big drill bit in my milwaukee 3/4 drill, no not drill press, hand held drill! after doing about 2 holes i had to take a break from hanging onto and pushing on the drill, luckly it didnt catch on me, i have had that happen before with that drill, but just the force required to hold the drill in place and apply pressure is enough to wear you out fast!! and if it catches then your in a whole nother bunch of pain! stick with your drill press, it will be alot better than hand drilling. only reason i was hand drilling this is that its a forklift carraige weighing a few hundred pounds, so i couldnt lift it up onto the table of the milling machine