Some years ago I used a bit sharpener, it was for a precision engraving machine, the sharpener was small enough to lift with one hand except it was bolted down, the stone was diamond impregnated. It had two settings, first to repair the edge the second to give the clearance for the cut. When I had my own business I'd buy the most expensive drills I could find, my labor was too expensive to use cheap drills. Most metal drilling drills were designed to be used in a drill press, for hand held portable drills, ask for the bits used in the sheet metal trade, such as cladding on metal buildings, they come 5 to a package, some call them stubbies as they are short to avoid breakage, they are designed to throw away when worn, but I found they could be resharpened by hand about three times. Can get quite a lot of service out of them, and they are very reasonable in cost.