Sewn buffs with about 1/2" spacing between rows of stitching is what I consider ideal. Tighter spacing on the stitching keeps the edge together better but the edge will glaze over and become useless in a matter of a minute or so. Loose buffs tend to wrap around small objects like a knife and turn the knife into a deadly missile.
Buffing on a drill press certainly is not and excercise that I would attempt, it sounds like an accident about to happen to me. Get a used motor and fix it on a bench, it is much safer.
Take care, if you are going to get injured in a knife shop it will be while working on the buffer. Better still get someone to give you a lesson before you try it yourself, it could save your life.