The nicest drill grinder I used was an oldish Meteor – they are still being made I see, albeit new styles, etc, but they still work the same way. As Clive said, if you have to faff about each time, and good results are not easily repeatable, then the jig is not worth it really. All you are after is a sharp and decent cutting drill to do the job you are busy with – the interest in the sharp drill is not really in the journey to get there! I tried various makes and types and just gave up on them. The Meteor I used was in a toolroom, and so sadly not my own, but it was fantastic. Insert the drill bit in the long-collet chuck, flip the chuck with drill point up into the in-place microscope, align the drill edges with the cross hairs, set the drill point or tip against the reference, flip the holder over into the wheel and swing the holder across the wheel. Rotate the holder 180deg and repeat. Advance the holder to put on cut and repeat.
From fitting a 6mm drill in the collet, to a perfect cutting edge ( on a drill that was just blunt, not chipped) takes all of 30 to 40 seconds…putting a new edge on a 2mm drill took 20 seconds.
Problem lies in the price of those units..
I made a cutter/grinder, and then a 4 (or 6) facet jig/holder with a microscope viewer to set up the drill – It works very well, with perfectly repeatable results, but needs more settup faffing than I like. I did post about it, with many pictures, but have no idea how to link to it, and don't wish to clutter this thread with more guff..
Joe
Link to the Meteor ( present day) stuff:
Meteor Drill Grinders