i have an idea for a tool for piller bedding instead of buying one of the expensive drilling rigs for doing a piller bedding job or just trying to line up the bit on a drill press. My idea may have been thought of befor but im just putting it out there. This woulf be used for easy alignment of the drill bith and the action screww hole in the stock. First you would take the drill bit that you would normaly use to drill the screw hole to the correct size for the piller. then you would chuck the drill bit in a lathe(not in tail stock) then slightly face the front of the bit so that it take of the point of the drill which is not needed because of the hole already in the stock. Then with a 1/8" carbide drill bit chucked in the tail stock you would drill a 1" deep hole into the center of the large drill bit. The next step would be to cut a guide that fits in the 1/8 x 1" hole in the bit and the other end would be a cylinder the same size as the pre-existing hole in the stock. With the lack of better words to discribe it the insert for the drill bit would look like a case trimmer pilot.
I think this would work. How about anybody with a little more experiance then me, any opinions on my idea