I bought this W.German made saw when I first started engraving in the very early 70's. It's well built and never had a problem with it.
Decent quality blades, installed with some tension in the saw frame, don't get too aggressive in sawing and remember that it cuts on the pull stroke. Let the blade float a bit when doing the return stroke of the saw/blade. Give the cut some clearance when going around tight arcs. Sometimes you need to stand the blade in position and cut the kerf a bit wider to allow the blade to make the turn.
For lengthening the bbl pin attachment holes to make them slots, I have used the saw. But I switched to using the dreaded Dremel Tool with
a Dental Bur tip in it.
These are cheap HS burs that I buy in quantity. Lots of different shapes available.
I usually find them at gun shows, a vendor with a table full of China made handy tools.
I guess these are supposed to fit a special type of collet with a taper fit, but i just hold them in a regular 3-jaw chuck on a Dremel
by the short round section of the shank just above that taper.
They are on the Net as well. There's carbide ones too. Expensive , cheap ones, all kinds of shapes of cutters.
There are some available with a straight, round shank as well. I just didn't happen in to those at the time.
I use the shape shown for elongating the bbl pin hole to a slot. In the soft steel used for this, the HS bits work well. Cheap enough that if you eat up one doing one bbl that's not at all bad..
Lots easier than w/a saw and blades IMO. Just trying to reset the blade in the frame and tensioning it while it's thru the hole can be a blade breaker.
These HS burs are very aggressive in wood. They make good undercut and repair channels when doing glue repairs. Very clean and fast cutting.