re: Drill Bit options…

For sort of everyday hex shank bits,  I like the Milwaukee Shockwave bits.  I've broken a few of the really small bits (they give you duplicates of the smaller sizes) but the rest have stayed really sharp, even though I have abused the heck of  them.   About 10 years ago, I bought a cheap set of brad point bits from Harbor Freight that are actually not too bad.  I think that I paid less than $20 minus a 20% coupon so I really got my money's worth out of them.  My first set of Forstner bits were actually the small HF set (up to 1") and they have done okay too, especially considering that they were less than $10, IIRC.    I have picked up a few sets of chinesium Forstner sets at garage and estate sales for cheap when they look like they have seen minimal use.  Some work better than others. One set looks a little like a Fisch wave knockoff and it definitely works better than my other Forstner bits, though I did notice the other day that on one of them only one of the cutting edges was actually cutting.  

I picked up a  Drill Doctor sharpener at a yard sales a couple of years ago.  I have not used it very often but it actually works pretty well for fixing abused twist bits.  It has breathed new life into some old dull bits.  I use it so rarely that I takes me longer to re-read the instructions to refresh my memory about how it works than it does actually sharpening.