Check the listing for details. KEO 30761 Spotting Drill Bit,HSS,7/16" 33UP55. Condition: New. Listed at 14.43 USD. Spotting Drill Bit, High Speed Steel, 90 Degrees , 7/16 in, Bright (Uncoated) High-speed steel spotting drills are the most common choice for a wide range of drilling applications. High-speed steel drills are typically less brittle than cobalt or carbide tools. Also known as hole-starting drill bits or spot drills, these short drills make starter holes that help stop drill bits from walking (or moving) as the hole is drilled deeper with a drill bit.Spotting drills are used in metalworking operations to create starter holes that help prevent drill bits from walking (or moving) when the hole is drilled deeper with a drill bit. Also known as hole-starting drill bits or spot drills, these short drill bits have a rigid shank that helps ensure the starter hole is accurate and has clean sides. Fo.