I tried a PSU for my 12v electric screwdriver. No go. The 5v line is the one where the voltage is controlled, and unless there is a significant load on that, the psu doesn't try to control the 12V line, and simply switches off to protect itself. Not very useful when using significant amounts of 12V power. I had a 2 ohm, 10w resistor across the 5v line, but in comparison to the screwdriver draw, it was woefully inadequate. Tried 2 of those resistors in parallel, so drawing 20W, Still inadequate.
I now use a partially dead car battery for my screwdriver – it's a lot less dead than my Ni-Cad's for the screwdriver and it doesn't go flat on screw 10, or 300 for that matter. It's irritating lugging a 33AH lead acid battery around on a 3m lead, but it uses stuff that would otherwise be rubbish, so I'm happy.
Regards,
Richard.