Andy,
I've used one for YEARS {Drill Guide type}. . . have it in my 'carpentry'
bucket attached to a 3/8 in Rockwell drill. Not a Craftsman and 90 deg only.

Works like a champ . . . WITHIN it's accuracy potential !! Make sure you
prick a good center hole, or use a 'brad point' bit for maximum effect. It's
also handy when I need something very close to a 90 deg or 'straight' hole
when I'm working aboard, in some cramped space, or where I've 'missed' a
hole on an 'almost complete' project.

HOWEVER . . . NEITHER device is stable enough to use as a 'spindle sander'.

Regards & Good Luck,
Ron Magen
Backyard Boatshop

"Andy" wrote in message
oups.com...
I'm thinking of getting a "Drill Guide" or "8inch Drill Stand" ($27 and
$40 by Craftsman) as a temporary substitute for a drill press. . . .
SNIP
but it'd be nice to use a spindle sander too.
Thanks