Ahoy Karl!
Tell ya what mate, I've done it both ways, Dremel and pin vise, and IMHO, my favorite set-up now is a remote mounted motor, with an 8' flexible shaft/drill chuck, and a foot pedal for SUPREME adjustable control. . .my sister-in-law makes false teeth for a living, and she set me up with this deal about 12 years ago, (she uses the same set-up for 10 hours a day in her studio) and I'll tell ya what, a little practice, and the right burrs, you'll wonder why you never bought one of these setups. The footpedal allows pinpoint speed adjustments with toe pressure, and achieiving low RPM drilling and grinding is a cinch. If you're gonna buy one, I would strongly suggest going this route, IMHO.
~Gunny