Earlier, Scott wrote:

...The only thing is that I think this
method would make it as though you were
trying to with the drill motor reversed
which might not make the drilling action
happen too fast ... have to try it
and see...

No, the relative rotation between the drill bit and the workpiece is
the same regardless of which one you put in the chuck and which one
you clamp to the table.

Bob K.
http://www.hpaircraft.com/hp-24