I go through a lot of step bits in my work, and tend to have a few expensive ones, for when I really need them, but for day to day use, tend to use the Neiko bits, because they work well, drill precise holes without chatter, and are cheap enough I don't have to watch them every minute, to be sure they don't 'wander off' on the job site.  While a starter hole is a help, it is not needed with this bit.  Where a bit like this really shines, is for sheet metal use, or enlarging an existing hole.