wow...
i have zero problems drilling my holes in my keggle using a IRWIN http://www.lowes.com/pd_60140-281-1...t=unibit&pl=1¤tURL=/pl__0__s?Ntt=unibit step bit from LOWE'S. i drilled a pilot hole, i then drilled one step at a time letting it cool for a few seconds and applying more Wd40.
i had my craftsman 19.2 volt drill on low speed and had good pressure applied.
-=Jason=-
I think you hit the nail on the head with this. I was having the same problem drilling holes in my kegs. I spoke to a very experienced welder/pipe fitter friend of mine and he said use low speed and keep things cool. He said not to use oil, but use a constant flow of water by spraying it or any other safe method that will not get you electrocuted. I purchased a new bit and tried this. It drilled like butter. You almost have to have two people to do this. I noticed before that once the bit got hot it was toast! COLD water and LOW speed is the trick I use and it works great.