The answer to your last question is yes. The tool is called a WATCH CRAFT TRI DUTY STAKING TOOL. The tool combines a staking tool, drill press and friction jeweling tool into one machine. They are rare, hard to find and expensive. It would seem to me that with a little bit of clever machine work almost any staking tool could be converted into a bow or hand driven drill press. It could also be converted into a tapping machine for small taps. Just a thought.