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I don't have any experience with the rotary station, but I have drilled wood with dremel tools. The station might work okay for wood, but I think you'd be better off picking up a used table top drill press. You can find them used on craigslist for less than the $40 posted for the rotary station and it will be much better suited for any heavier drilling. I picked up a used ("to drill 3 holes during kitchen installation") Skil drill press for $65.
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