I bought a Tideway Dragon Ball bit and three Grizzly plunge router bits: 1, 2, and 3. I did some experimenting this morning.
Setting the base plate up correctly was a little fiddly, but once I got it set correctly, and marked out the board, I had pretty good success with the dragon ball, lowering the router using the height adjustment knob as it was running (though one of the four tests blew out, I managed to mostly salvage it). You can see the little crack on the right edge of this photo, which I think is what caused the blowout.
The Grizzly Plunging Quarter Bead Bit was even better, though I missed on the middle attempt.
I’ll try the other two bits tomorrow, but expect I’ll have similar success. The hardest part is that it feels best to operate the router with the knob for the height adjustment (and the scale that’s next to it) away from me, which makes it hard to read off the height to know exactly when to stop.
It was a lot better finish to the morning than my first experiment had been, which was trying to turn a handle for a bottle-opener in which I had a catch and threw pieces of maple around the shop at high velocity. Oopsie.
Yeah, I knew there was a plunge base, but at $130, I wanted to make sure the bits would work with the router before plunking down the money for the base. When I asked about it on that other site, there were some people telling me it just wouldn’t work.
DP, you can buy a plunge base for it... looks like you've already ordered it (just noticed the last sentence), so I can only give advice rather than recommend. Nothing major with the base, however, it has a fairly tight release lever that must be continuously held for plunge action... a tad difficult for me with my dodgy left arm... just a tad. The other gotcha is that the lever has to be depressed further down for the up action than is permitted for down action... at first I thought this was a fault... but I'm guessing it's a "design feature" for easier lock.
I do have a little problem hitting my marks sometimes, though.
Plunge first, then draw the marks... guarantees 100% alignment.
If your first cut is too short... Take the second cut from the longer end... LBD