Yes, but the jig only works somewhat reliably, as long as it is thick enough to guide the bit perpendicular thru the prop. As soon as you have a little clearence between the bit and the holes in the jig you are off. You will not be perpendicular. If you are tight enough (jig holes and bit) than you run the risk off opening up the holes in the jig with the bit. Either way, I am 100% with you, pe receiver: A drill press is a must, if you want to drill a prop accurately, so it stays balanced on the hub. Otherwise no need to balance a prop in the first place.