We are going to take a slight change of direction for a moment. I think I posted this home made drill tool here somewhere but it was a while ago.

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This bit is also 3/8" and it too works with the dead center as shown here:

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If you think an auger bit fills up with swarf fast you haven's seen anything yet..... these bits also compact the materials too!
Now back to the other information I wanted to share. If you have the Nova live center you can use the shown dead center and end up with a live center that can take a 3/8" bit.

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If you have the Oneway live center I think that is limited to 5/16" but I have not gone back to make sure of that......
Of course if you have one of these live centers it eats up a lot of the drill bit as seen here:

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The lamp auger of course gives you a lot more bit.

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And so ends this little excursion unless of course you have questions???
Ed