I've been looking to bolt mold a Model M but don't have a Dremel. Having gotten by without one for so long I'm not keen on shelling out for a one-time operation. I found this cheaper alternative that has favorable reviews:
http://www.amazon.com/Black-Decker-RTX-B-Rotary-Storage/dp/B000MUSLCC/ref=sr_1_1?ie=UTF8&qid=1329345604&sr=8-1It's a Black & Decker with three speeds, the lowest of which is 12,000 RPM. The lowest speed on a Dremel 300 is 5,000 RPM. Do you think the higher price of a Dremel would be justified for the more controllable speed? I'm doing a gray label Model M as a test run before I go to a Spacesaver, so I'm trying to figure out if this is a case of pennywise/pound foolish (or Obamanomics, depending on your political persuasion).