[FastDave]

If you're using a drill press you can adjust your speed close to the suggested 764 rpm.
If you're using a hand drill (drill motor) remember most drills with 1/2" chuck turn approx. 900 rpm and most drills with 3/8" chuck turn approx. 2100 rpm. It seems easier to me to keep the 1/2" close to full throttle than the 3/8" at 1/3 throttle.
For lube I usually pour my motor oil into the plastic cap and dip it every few seconds. It's less wasteful that way in my opinion and less messy than spraying lube everywhere. You other guys might try it too on your next project...