MP,
I honestly don't remember my Dremmel speed rating. I have it put away right now. (Had back surgery last year and haven't dug alot of my stuff out yet.)
As far as your statement about carbide -vs- HSS, yep! If you are ANYTHING more than a hobbiest, carbide is the way to go. I'll even say if you are a hobbiest with A LOT of drilling to do, that go carbide. But if you only have small PCB's with limited number of holes, then HSS is my choice. If you break one, then you are only out a buck or so. Besides, as I stated, with HSS, I break them anyway to achive the 1/4" lengths. Even with numbered carbide bits in a dremmel with a press, bits break.
As a hobbiest, I can justify $5 for 4 bits to do 1-2 small PCB's. I can't justify $20-$30 for the same bits, especially if the only way to get them is mail-order, to do such a low run of PCB's. If I could justify spending that much $$ for things I may only use once or twice a year, I'd buy my stuff off of the shelf and bypass the construction steps, or, have them etched and drilled for me.
It is a personal decision based on $$ available. That is why I drive a Chevy Pick-up and not the Lamborgini I have always wanted!!!
oldgrandpainmi