Only use cobalt bits!! carbides will not even touch the stainless steel rotors. Regular high speed steel bits will drill 2 to 3 holes at best. COBALT COBALT COBALT!!!!!! at slow speed with some oil, don't let them get hot. You can't go wrong ( hell, I did it ).
Being a machinist who uses carbide on a variety of stainless steels on a daily basis.
I have to say carbide WILL work on stainless including 316,410annealed/HT,416 annealed/HT 420 annealed/HT, alloy20, nimonic, hasteloy, inconel 600, stellite as well as other exotic stainless steels.
IN A MILL!(with SF/m ranging from 100 to 270 SF/m depending on material)
With *LOTS* of coolant(preferable through the tool coolant at 900+psi).
Sorry, i'm bored at work... waiting for machines to end their run.....
Anyway, cobalt does great in most stainless steels at a Surface Feet per minuite(SF/m) of 40-80.
RPM=3.82Xsurface speedXdiameter of drill(in inches)
an example would be - 3.82X40/.312(5/16 drill)=488rpm
3.82X80/.312(5/16 drill)=977rpm
that will give you a good speed to start with.
With little coolant(ie. tap magic or other oils) you want to stay on the lower end of the SF/m (40'ish)
With no coolant/lubricant, try around 15-25 SF/m.(careful not to burn the bit)
thought i'd pitch my .02 in(i know this is an old thread.... )
If you were intoning that carbide will not work on a home drill press, mostly you are right.
Carbide will drill through virtually anything given the right conditions.
It is impossible(or nearly) to emulate the correct conditions to use carbide on a home drill press.
A small knee mill with flood coolant will suffice, but for cost, cobalt is better unless you have access to free bits, and the proper machine.
l8r
-=Soos=-