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Drill bit "Type Info"

Right now our CNC's have 5mm brad tip bits installed.  In my other CNC's at other companies we opted for V-tip bits so we could drill for pulls without blowing out the front faces of the doors.  I don't recall this 'Type Info' setting in those tool files though.  Is there anything about this setting that maybe tries to account for the 'V' length on drill-through?  What exactly is this doing?  Thanks!

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