First I have a question on corded drill speeds. I read that a 1/2" drill is rated for 0-850 rpm's. I see a 3/8" corded drill rated for 0-1200 rpms and a corded 1/4" rated for 0- 4000 rpm's no load speed. Can 4000 rpm's no load speed be right? What would it be used for? I know slow speed for bigger bits in steel. Also, I never have used the high speed range on my cordless drill, what should I use it for? Thanks!
4000 rpm is great, and I use them often. Even higher rpm can be useful. My corded 1/4" drill is rated at 4800 rpm. It is an old Steele brand, perhaps now defunct, and is a copy of a Makita drill of the same specifications. I use it at the workbench where it is ideal for small drill bits used to drill pilot holes.
My recently acquired Metabo BE 18 LTX 6 High Speed Drill 18V High Speed Drill is variable speed up to its 4000 rpm top speed. I use it for any small hole when I am not at the work bench. Most recently, 6 April 2018, yesterday as I type, I used it to drill pilot holes near the top of my shop wall. I then installed an air conditioner hanger for a mini split. I have also used it with an 3/8" drill bit to drill 4x4 stock where it performed admirably.
For very small holes, 1/8" and under, I use a 12 volt Milwaukee 2460 M12 12-Volt Rotary Tool which has much higher rpm than my two more powerful high speed drills.