Adding a few details to what Peak4 say.
1) There are two varieties of the die cast alloy swing across the wheel type. Picador use a vertical shaft requiring the drill edges to be set at “5 to 5″ for correct back-off and good cutting. The alternative version, introduced by General in America (I think), has the shaft angled back away from the wheel to generate back-off with the cutting edge vertical. The axis of the drill on both versions is offset relative to the pivot axis. Both this offset and the projection of the drill point relative to the pivot axis must be correct if sharp edges with good, durable, cutting properties are to result.
Many of the import clones have incorrect offsets and inadequate instructions leading to very poor results. The offset and point projection are inter-related so, with certain limits, variation in one can be compensated by changing the other. It doesn’t help that there is fair bit of mis-information out on the internet concerning set-up. Several folk who should have known better have gotten it wrong. If you need set-up details best to search out the official instructions from Picador or General. Spiralux made a good UK clone of the General and their instructions are also reliable. For a bargain clone. Who knows.
Graham Meek has shown that it’s possible to re-work a badly dimensioned cheap import into a useful device. Something I believed to be impractical due to the difficulty of figuring out exactly where the errors lie. Well done Graham.
The imports are almost invariably of the General, angled shaft, version so the drill projection varies with size. For the Picador device projection is fixed for all sizes but its a short distance and the locating finger less than ideal so there is certain knack involved in use.When a Picador was all I had I would wait until there were several drills needing attention so as to minimise the overall time wasted getting my act together.
The major fundamental weakness of both devices, and to some degree all the ones using a Vee channel holder, is getting both edges exactly the same. The drill needing to be flipped free hand in a not super precise holding device make good judgement essential. The price you pay for something affordable.
2) The drill sharpener in the original Plasplugs multisharp kit worked unreasonably well given its cheap plastic nature. Principle of operation was basically that of the General but there was an ingenious device built into it to set the projection correctly and the drill carrier was invertible so no re-setting of the drill. The fixed projection limits the size range over which satisfactory sharpness can be achieved. The edge geometry does change over the range. Only one point angle can be cut. Many of the cheap clones use a diamond grit on steel pressing grinding wheel which is somewhat unsatisfactory. The dimensions on inexpensive copies may be off, reducing the range over which satisfactory sharpness can be achieved.
I looked into replicating the invertible drill carrier and point projection setting devices in larger scale to use on either a Picador or General style jig. Concluded that it could be done but for various geometric and manufacturing reasons 3 sizes of carrier would be desirable to cover the range from 1/8″ to 5/8″. Two could probably manage 3/16″ to 1/2″. All starting to look bit laborious.
3) Then I lucked into the Clarkson sharpener device to go with my T&C grinder. Industrial standard with a 6 jaw chuck to hold the drill and build in flip. Drill sharpening made trivial. Expensive new. One day I shall make a bigger brother to cope with drills larger than 5/8”.
4) For anyone wanting to roll their own the design of the Kaindle BSG-20 https://www.kaindl.de/en/bohrerschleifgerat-bsg-20-2.html looks to be a neat starting point. Geometrically simple and the comb type V block drill holder is both accurate and inherently invertible. plenty of scope for simplification.
5) 4 facet points are geometrically simpler but you need guided motion with some sort of slide to easily make them accurate enough.
Clive