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That Brazilian wood drills great. it's a nice hard wood and I have bits made for me by W.L. Fuller Company in Warwick. I get 12' bits with 9' fluting. the tip is not a conventional one. The regular bits ride out with the grain and make me lose a lot of stock. The bits i get are Brad point, with the outer tabs removed. The red wood may work fine for you so long as you don't need to cast a long way. Most stripers are caught within 50 or so feet from shore anyway.
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