A burin is a hand held metal chisel/graver that is struck with a small hammer for metal engraving. A graver is any engraving tool designed to cut metal. Hand gravers are held in the palm and pushed through the metal. There are hundreds of graver shapes and cuts. All engravers will not cut steel. You need special engravers ( and special skills) to engrave steel. Cutting out a pocket for inlay in steel is even more detailed.
Jim, take it from a person who does this every day....a rotozip will not work, and unless you have great hand skills, a Fordham tool will probably make a mess.
Most of us use power-gravers of some sort. I learned on an antique Gravermax with vacuum/air pressure handpieces. It was like holding a miniature jack hammer. They have come a long way since then. These make your hand guide the tool while a power source provides the cutting force. These can run from $1000 to $10,000. Gravers run from $20 to $50 each. A gravers ball ( vise for holding and turning the work) for steel engraving runs $500. A boom engraver's scope will set you back $1000 or more. The GRS school is where most people go to learn these skills. There are no good short-cuts, money savers, or fast track system for metal engraving.