I used a (Lyman?) bit in a drill for a while to cut out military crimps on a pile of brass I had. It was slow, but it worked. I worried about consistency, since it was a hand tool, and seemed to remove varying amounts... the chamfer it cut was clearly visible. That lot of casings is on firing #3 now and no problems. But it was painstakingly slow process, and tedious. You have to pay attention around drills... And after 500 or so, that gets old.
I got my hands on close to 5000 pieces of military brass a couple years ago - and I got the Dillon Super Swage to do that pile. Totally worth the money.
I don't load rifle ammo on my Dillon 650 - I don't think the loading is precise enough and I use if for pistol, only. But I thought I'd try a handful of loads for close range on it. The casings with the crimps CUT out worked fine. The casings with the crimp swaged out did not work as well. The primers didn't seat well with the Dillon650, although hand priming those casings worked fine.
So if you are going to run your loads through a progressive press, you may need to experiment a bit to make sure the swaging or chamfer is enough.