Works best if you can start the hole from underneath on thicker metals, once you have a small hole you can work from on top by using a quick saw motion, the water soak helps keep the rod cooler, it's old technology, but it does work
I hate drilling holes (unless on the press) and the plasma does me good. But I like to try new and old tricks. Next time I use the TIG I give it a shot with the stinger.