This is a nice introduction to drill speeds, slanted more towards the hobbyist it's not confusingly comprehensive or bafflingly mathematical
http://store.curiousinventor.com/guides/drill_speed/... the conclusion appears to be: a slow powerful drill will be a lot more useful than a fast low power drill.
I own something similar to the HF drill, bought it years ago and nearly killed myself carrying it home on a bus. It's one of the most used tool I have, sufficiently accurate for most tasks, quiet enough to run at 3am, reliable... In short, if you can make room for one then do so.
On PCB drills:
The recommended speed for these small drills (<1mm) is insane, 10,000 or 20,000 or 60,000+ rpm is not unusual. The link suggests lower speeds are ok but great care must be taken with the applied downward force. This is certainly one reason they snap so often.
The second reason for PCB drill breakage is down to the carbide used in their construction. Carbide makes for a very hard drill, it will stay sharp even when cutting fiberglass, carbide also makes for a very brittle drill - it doesn't bend, it snaps with ease and can even shatter if dropped on a hard floor. So, how much sideways motion can a 0.5mm take? Not much.
If the work moves, vibration or sliding, by 0.1mm you could have a snapped drill on your hands. Maybe not the very first time this happens but the 3rd or 10th - vibration can be a killer.
This bring us nicely to a phenomenon called runout. Lots of info out there but this is a nice summary
http://www.talkshopbot.com/forum/showthread.php?t=7756Using big drills runout results in oversized holes, using little drills runout results in broken drills. It's vibration again, 0.1mm of runout - wobble - when using a 0.5mm drill results in a lot of stress.
The runout on the HF machine is unknown, I guess 1/10 of a mm would be considered very good.
Also unknown is the runout of Dremels but this has some useful information
http://www.buildyourtools.com/forums/index.php?f=8&t=1244&rb_v=viewtopic , 0.0055" = 0.14mm, 0.085" = 2.2mm !!!
In comparison the Proxxon IBS/E has a claimed runout of 0.03mm (3/100mm) and a claims precision collets
http://www.proxxon.com/eng/html/28481.php Also the Proxxon drill stand is a lot more ridged than the Dremel stand.
Out of interest, an industrial PCB drill may have runout in the 0.0002" to 0.0008" range...
http://www.lionprecision.com/tech-library/articles/targa-dynamicrunoutarticle.pdfCan I use my bench drill for drilling PCBs? Yes. Do the drills snap? Yes. Would a Proxxon be better? Yes. Would I swap my bench drill for a Proxxon? No, not for the work I usually do.