having ‘adopted’ the paper drill at work a few years ago, because it was always blunt when i wanted to use it, here are some observations…
1. The drill was a hollow punch style, spun at some speed (i dont have access now, but i’d think at least 1000rpm)
2. The sharpening process consisted of pressing the running drill onto a special sharpener, which was like an inverted V shaped piece of (i guess) carbide, with a little rake.
this had a tendency to raise a lip or burr on the outside, which was removed with a small stone (still running).
3. To drill, a piece of sacrificial fiber board was placed under the paper, the paper stack clamped, the drill lubricated with a bit of soap, and away you go.
blunt drill = smoke….