John,
I'm not sure I would trust the Harbor Frieght micro die-grinder, but having said that, they all seem to look like they come out of the same Asian factory. I bought mine at an abrasives supply house. Metal working tool stores also have them. I found they typically run between $50 and $80, which is more than Harbor Freight. There are a host of brands out there and I think they are all pretty much the same, so I don't have a specific brand to recommend. I even found one that has three different collet sizes, including 3/32".
This tool does not have a lot of torque, so it doesn't work well with the roto zip bit on heavy or thick wood. I use it to shape/pierce my hollow forms (after a 1/8" starter hole) that have wall thicknesses in the neighborhood of 1/8" - 3/16" and it works really well there. I have the Presto that Binh Pho uses, but that tool will only work well on much thinner walls. A wall thickness over 1/4" will be more of a challenge. But I also use it with various carbide burrs for material removal and it works well there in small controlled sweeps. I like the higher rpm than a flexible shaft has.
I used the micro die-grinder on this koa piece with a burr to achieve the secondary level, then with a 1/8" short drill for starter holes, then with the roto zip bit to shape the pierced holes.