Hi Rainbows. Keep trying with this basic jig. once you get the hang of them they do an acceptable job for most sizes down to about 6mm. the shortness of the drill becomes the problem then. The vee shaped sliding support at the back, in front of the thumbwheel; doesnt need to be as long as it is. I have cut away about half of mine and this enables you to get much shorter drills into the jig.
Two things that I have noticed in using it, that I didn't forsee are — 1 the projection from of the tip at the front is different depending on the drill diameter and for me was smaller than I expected. and 2 — . the need to turn by 180 degrees is important. Harold Hall explains both these very well on his website and in his excellent book on grinding and sharpening tools. He also explains very clearly why these types of jig will not work very effectively on the front of the wheel.
I have made a little angle gauge from a piece of scrap 1/8 plate so I can check the angle of the centre rib on the drill . this should be 130 degrees from the cutting edge and by getting the correct amount of tip projection it sets this angle this angle right . basically use one reference to check the other.
I agree with JS that the issue of side loading the small wheels on our usual home grinders is very low risk and the main issues with wheels bursting goes back to days when very different types of bonding agent were used to make the wheels, compared to the modern speciality adhesives we have today.
That said, using the side of the wheel is not covered by your normal installed protective guard and so a separate additional piece of impact resistant plastic sheet mounted on a simple stand between you and the wheel and drill jig is an easily made and very effective protection measure that costs pennies. This is in addition to your safety goggles or glasses, whichever you choose to use.
Keep practicing with it. once you suss the jig, it becomes a pleasure to have nice easy free cutting drills. It will never match a four facet grind, but the jig is cheap and imho you get good value for what you paid.