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Tapered reamer. That’s some price.
It looks like a well designed tool for the job, and justifiable for those who are doing these on a weekly basis, but for a one-off it is steep
"Take these three items, some WD-40, a vise grip, and a roll of duct tape. Any man worth his salt can fix almost any problem with this stuff alone." - Walt Kowalski
"Just because I don't care, doesn't mean I don't understand." - Homer Simpson