Hi guys, so I was thinking about picking up a rotary/dremel type tool recently for all its various uses, razor restores included. The only power tools I have access to at the moment are a drill and hand held circular saw (not sure if thats the proper name for it). I'm not all that tool savvy and was thinking a rotary tool would provide a lot of utility in a single item. A quick search here brought up this guy as a recommended alternative to a dremel:

American Science & Surplus : "rotary" - Rotary and Dremel Tools

Not much discussion on it though, so I was wondering if anyone has experience with these? I'm planning on using it (as far as razor related things go) for restoring old blades and making scales. This would mean: sanding and buffing razors for restoring; cutting, shaping and sanding wood and other scale materials; drilling pin holes and cutting pins; whatever else I discover I might be able to use it for.

I understand a dremel is a bad choice for this because of the high minimum speed, but this should be alright from what I understand. One of my main concerns is that it would be difficult if not impossible to drill a decent pin hole without a guide. Is there a way to do this?

Is this tool a good choice for this kind of work, and is it going to be as much as I'm planning on using it for? Is it still possible to use this around the house (i.e. not just at a bench like it appears to be set up for)? Also, would you guys recommend picking up any of the bit sets listed on that page as well? I'm not really sure what I might need just from looking at those pictures (though I'm sure I will figure it out real quick!) so, would one (or a few) of those kits set me up pretty well from the get-go?

Thanks for any help here, as always!