My cordless screwdriver is outfitted with the square driver bit and my drill with its bit. What would this tool do for me, other get by with one tool?

Thanks, Kreg Customer Svc. The other benefit of using two tools is I would need to also change my clutch settings, so it's not a simple flip the bit.

Thanks for the questions. The Kreg Quick Flip will allow you to drill a pilot and counterbore hole and flip to the driver with out changing the bit in your drill.