Kutter,
What great questions, thanks.
Turning the tool by hand is about at 2 rev per second or about 120 rpm. This does depend on the person turning the wheel as I tend to allow visitors to try this tool at show-n-tells. There really doesn't appear to be a sweet spot or particular speed that works better. However, when starting to bore an old rifled barrel as in the photos, there seems to be a "clickety-click" sound to the cutter as it works through the rifle grooves. I only tend to bore the old barrels just to the bore diameter where the old rifle grooves disappear, so the clicking sound always is there.
I use regular motor oil as the lube. I have tried things like olive oil with my rifling machine, but stuff like that tends to attract yellow jackets, bad for a show-n-tell. I back out often to clear chips. I disconnect the pull chain, remove the barrel slide/carrier and run a patch through the bore.
The chips tend to be pushed ahead of the cutter as with a modern reamer, they are not pulled behind the cutter. The chips are very fine, you can barely see individual chips, not like modern tools at all. I have found that it takes about 100 revolutions to bore about 1/16 inch, so this process is rather slow, but I am not in a hurry. Bear in mind that I often must use two or more cutter sizes to remove all the old rifling grooves.
The resulting bore surface is certainly a lot smoother than that resulting from a modern twist drill, but not as smooth as that resulting from a modern reamer. I follow up the boring process with several passes using an armory reamer to give the bore a better finish.
Thanks again for the interest,
Jim