Unfortunately PJ, the dremel whilst did the job in about 15 minutes. Kinda killed it. The metal cup was going very well, until I didn't notice how hot it was getting, until it melted the glue and subsequently flung out of the handle
On the plus side, the plug did fit better, just needed to work it a bit better. The red laquer is stupidly thin and it didn't take much to take it off.
I'm still living up to my woodshop teachers opinion of me that I'm like a bull at a gate. Your way, whilst very labor intensive would ensure a mistake like this didn't happen.
But, I got to use my shiny new dremel which made very short work of it and I intend to try it on a wooden handle which would be a lot more forgiving than a two tone clear acrylic. - If i got a much smaller knot, it would look perfect, but I had to drill it out a bit to accomodate the 22mm plug.
Sorry Drubbs, I'll make it up to you somehow. - But hey, we're not about looks here... ok well some people are at times, the performance is what matters right???
I will do the obligatory how it performs lather wise and report up in a day or two once the glue has cured.