I've been using a 1 1/16" forstner bit with an extender, but I'm not happy with the results. The bit seems to get extremely hot during the boring (haven't used my new speed reducer with it yet

I've been thinking of switching to an auger bit or a spade bit but don't know which one would be better to use.
I have made purple heart, mahogany, cherry, and some mills with a mixture of woods and all have the same results; bit is too hot which is ruining (or ruined) one of my bits already.
I know, I know... use the speed reducer Tango... come on!

I haven't had the reducer long enough to try it out with a new mill. Actually i got the reducer due to my bits being destroyed.
Also, even with the extendor the shopsmith drill function isn't long enough to bore through an entire 8 inch body. This results in a milled body that isn't always as straight as I'd like since I have to lower the bit into the body and then start the machine and drilling again - also this seems kind of dangerous and that's never a good thing.
Spade or auger... hmmm

Also, I'm looking for a decent design for a vice setup to hold the body as I bore it on the press.
Lots of work to do on this project apparently.
Thanks all,
Tango