Hi Michael
Here is my humble opinion:
There are a dozen ways of doing just about anything, and most of them work for the one doing it that way.
About a year ago I posted this same question and got a bunch of different answers, just like you.
One of the old timers suggested I try the high speed [30,000 RPMs] dremel with only three tools: 1/2 inch drum sander, 1/4 inch drum sander, and the thin cut-off wheels [NOT the reinforced]. He then sent me a few pics with a little text. And then he did a couple of blades for me and returned them.
This gentleman will not touch a blade until it is hardened. Because that is the way he showed me, that is how I do it.
The only thing I do different is that I mount the dremel in a vise, tool up. The I hold the blade braced on the top of the vise and move it gently into the drum. I can use both hands like this and have lots better control, and can get very even patterns.
When I furst started it took 4 or 5 drums to finish a knife. The one I did last night is finished and the drum looks new. Gentle touch and high speed is the key for me.
Try a few things and see which works best for you
Go see another maker in your area if possible and see how they do things. Drive them crazy with questions.
Knifemaking is fun! Explore a little! Enjoy!
Dave Evans
Tenino, WA
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