Well I caved and purchased a mid tier Proxxon rotary tool and matching drill press and mini vise. I already had acquired a Proxxon KT 70 compound X-Y table before which works with the press as well.

This tool is far more stable, with minimal run out compared to the Dremel 395 and 'plastic' press arrangement I had used to date. Plus it can do 20K RPM and has an independent speed control and on/off switch , which is better than the Dremel's unified control. I don't expect much broken carbide bits now.

I modded the minivise to lock onto the press slide bar for precision work on small parts. 1, 6-32 x 1.5" screw was required.

As with the Dremel I installed a 'back light' for illuminating etched PCB through holes. Basically a Jumbo super bright white LED running off an old Nokia 5V charger & a 220 ohm series dropping resistor.

Note the pics in the upload area.