They have a .125 dia shaft, so you can't go toooo deep (not that you'd need to for frets).On a bit that small I don't think you'll be cutting anywhere near that deep in 1 pass anyways. Is the shaft long enough that you can still cut deeper in multiple passes?
I'll need some kind of marker on the side of the neck so I don't have to strain to see the downturned fretboard.