I know there have been others, but I haven't seen anyone suggest this, or post results, but I read about it on an unrelated forum..
I have a metal CP, and I want to make a plexi overlay, and for my idea to work right, the holes have to be dead on. I don't have a drill press, I do have one of those "attach your drill to it and make it work like a drill press" things, which works OK for wood projects, but unlikely in this case.
Anyways, the idea I found, was to use a dremel with the standard rotary cutting tool - the one that's like a sharp drill bit, clamp the plexi to the metal CP, drill pilot holes, and basically slowly use this to follow the curves of the CP holes, cp outline, etc. Then flame polish or wet sand, or finish the edges however.
It sounds like it would be easy, and work well.. Anyone give anything like this a try? I find working plexi with regular power tools (jig saw, drill, circ/table saw) to be rather awkward.