When creating a DIY Pegboard, first you should read the instructions that come with your drill or bit. Most larger bits suggest running the machine at 500 revolutions per minute (RPM) or less. There are only two drills that I would suggest using when drilling holes in wood to make the board, a drill press or an electric drill with an auxiliary handle.
- Can adjust the RPMs
- Cut nice smooth holes
- Cheaper presses will break easily due to the amount of torque that is applied to the tool
- Not cost effective for building just on pegboard
- Need to have extra equipment to level and clamp the board
- Fairly cheap to purchase
- Easy to use
- Can’t adjust the RPMs
- Hard to keep the drill perpendicular to the board
- Holes will not be straight
Overall if you are only making a few pegboards, an electric drill is the way to go. I would not suggest purchasing a drill press because the cheaper presses are straight garbage. Over the years I have burned through several of these.