Got some 5.5"x12" chunks of 1/4" and a dewalt kobalt 5/8"s drill bite and a delta drill press, wondering if anyine had some tips on drilling this. What type of cutting oil will keep my bit like new? is there a better for your money bit than the dewalt? What speed should i keep this on? really slow? Seeing how this bit was near $20 i would like to clear this up before i screw up.