Well,
I run ALL my metalic cases when I acquire them thru that drill.
My two are the Midway and the Lyman.
Can't say about the .204 and which tool fits them take a case and have the shop open the package and try it.
When I do my flash holes, if its a large batch I chuck the cutter assembly into a drill press and go to town. You can get a few hundred done in fairly short order that way.
One caution. I like to trim the lengths first so the debur stop is giving a consistent depth. AND, I also prefer cutting on the light side rather than the heavy. You can also recut but it's hard to glue some back on!
Using a good small flashlight or other source and illuminate the internals on your cases will give you an idea as to how much internal champher you are getting.
You don't want to weaken your brass, you just want to "uniform it".
Three 44s