Funny that you brought that up, I have tried all kinds of tape, including the ribbed box take and duct tape, and nothing has really worked well so far - however, I have had my best luck on blue painters tape - here is my thinking -

First, on of the original author's main caveats was "don't touch the tape" or it won't stick - well this painter's tape really is made to stick and then be removed, right? Second, now it comes in several different adhesions, is relatively thin and easy to wrap around my 1/2" aluminum rod (which I sanded and made absolutely smooth to accept the turning). You would think the blue tape would not be strong enough, but actually it has worked really well and the sanding drums I am making for the Dremel are excellent - the only problem that I have is fitting them on the rubber - the rod is exact, and the wrapping is tight, so - there is very little wiggle room when you go to put these things on- so I just insert the rubber drum about a half inch, leave 1/8 hanging and go to town...AND is the drum doesn't work for some reason, you can peel the strips of sanding paper off the drum and try again - try that with duct tape!

It has worked well so far, I will post some picts of the final product soon, old Henckels Twinworks, with barber's notch -

K