General guideline for your rpm by drill size. 1/4 - 800, 1/2 - 400. 1.0 - 180.
Sharp drill, right speed and any old oil will do fine. I use 30 weight motor oil.
If you need to be versatile in every way - thickness, metal, configuration, whatever. Go with TIG. No debate. If you re doing production work and the same thing over and over and want to get the most welding done in a day - go mig or stick. Overall you can produce better quality welds with tig...
If you are going to go to the trouble to oil it then put a hole in there. Bronze bushings are made soft to wear out without damaging the shaft. Bearing wears out and it gets replaced.
Some bronze is infused with oil (called oil-lite) but I have never heard of a porous bronze material.
Every once in a while I'll accidently read one of those hiking mags and there will be a section where the writers list there favorite place they have ever been. Exotic and I can't remember a single spot.
Well let's get real! I love being in my shop more than anywhere else.
And I am fixin to...