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Looks like the O.P. item is a carbide drag engraver. Basically just a sharpened spring loaded carbide point that's dragged through the work. Good for very fine shallow lines. Not so much for deeper stuff. They also make diamond tipped ones.
I'm not wedded to the TapMatic product, just looking for best practices for scribing and suggested tooling.
To what end result ?
Cutting letters/words on machine parts.
Those drag engravers are only good for a few thousandths depth max on harder materials. If you want to cut deeper lettering and such, I'd go with a single flute engraving cutter as posted by Mike above or you could try the small center drill, I haven't used that one personally. I have used the single flute cutters with a pantograph engraver, they work very well. Keep in mind that a single flute cutter is generally rigidly held in the spindle, so if your surface to be engraved isn't flat that will cause your depth to vary. They might have a spring loaded version of those with the depth limiting nose that will work okay on uneven surfaces, not sure.
This is getting to be like pulling teeth....
1. Material ?
2. Depth of cut ?
3. Shape of cut ?
Depth enough to be readable by a human being, do you have advise on what depth to target?
Letters maybe 1/4" tall
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