Pretty cool idea, and super quick build if you have a decent saw and sled and the ability to keep the cuts consistent. I have a similar storage frame for my plastic boxes to slide in. I use the Rockler 1/4 and 1/2 plastic plugs in a pine board and keep in the woodworking area. My Dremel bits stay in a separate tool box drawer and all the carbide metal cutting tools stay far away from my woodworking / router bits to avoid cross contamination.
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