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The Cratex tools have the abrasive embedded in them so do not need valve grinding compound.
Some of us older guys have even used pencils in a drill press by cutting them off to length and putting grinding compound on the rubber tips.
One of the beter ways is to make up a fixture out of wood, (a cut to length 2x4 that has a V groove in it to hold the bolt body, along with a way to firmly hold the bolt and index it,) and a base that has a couple of pieces of wood attached to guide the 2x4 block lengthwise will work.
If your tool is 1/4 inch, then you measure out and drill holes in the base as a stop for the 2x4 bolt fixture, every 1/8 inch for close patterns or 3/16 inch for a good overall pattern. Then you put a nail in a hole after aligning the bolt where you want to start, push the bolt fixture block against the nail and make the first circle. Put the nail in the next hole, push the block against it, and make the next circle. When you have made one full row, you loosen the bolt in the fixture, rotate it whatever distance you need, tighten it down, and go back to start the next row.
It is best to start off somewhere that is not visible when the bolt is closed, or opposite the side of the closed bolt position, then work around the bolt. Chances are you are going to end up with the last row really overlapped and different than the nice even rows that you have previously done, but if you do it this way, the results are not immediately visible or noticeable as the last row is not visible when the bolt is closed or when being used.
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