Spot on! I have a kit that Joe Keeslar made. He started off making ML'ers many years ago, he is strictly a bladesmith now. He does the handle inlay like Bill Moran used to do. The chisels have fancier handles, but the concept is identical. Some folks in the custom knife world turn their nose up as the thought of using an Exacto. I tried making them from hacksaw blades and heat treating them, but the Exacto is easier and works better IMO. Joe also made a "push stick" which is kinda handy to have. What are you using for a hammer?