I would guess that a lot of folks feel like hamsters in a rolling cage when it comes to drill bits (*twist drills")... buying them and tossing them. This is something of a frustrating little aspect of what I do, because I'm always drilling armatures and can sides, which are both curved. The cans are generally very soft steel and a bit that isn't very straight will walk
(larger diameter bits work well for spotting the hole, and then drilling through with a 1/16" bit is what I do). Armature lamination steel seems to vary widely in hardness... some blanks drilling fairly easily and others being noticeably tougher. Of course, when drilling an armature that doesn't have "the center grooves," you have to be careful,
especially when using a hand/portable drill. The relatively tight diameter and the small ridges caused by the stacked laminations can lead to disaster if you're not careful. Then too, when you get good drills, they may not last very long before they begin to dull and slow way down.
Anyway, I've gone through various brands and types ("titanium," cobalt, HSS, black oxide... various tip geometries and angles, whatevah), and they vary in performance, even among the same manufacturer. I use them, and if a bit doesn't work well, I toss it and use another. Of course, I use what's typically available in hardware stores and my local lumber yard, where I get the stuff for my real job. I'm guessing that machinists and others who do metal fabricating have their preferences and get their stuff from suppliers the general public isn't aware of, so forgive me for my carpenter's lack of awareness.

I only learn by trial and error!
Lately, my supply house has started carrying drill bits by a company called "Champion", and I thought to myself... well there's a natural for working on slot cars.

The line I tried (they have many) are not either cobalt or titanium, but rather a hard steel with a nitride treatment and have a black oxide look on the body and shiny steel on the flutes. The tip is a 135° split point, nothing special (I prefer 135° tip angles, again learning the hard way). Anyway, after trying a couple, I got some more because they really work. Whatever they do differently, all the ones I've got so far are actually straight. A wobbly bit is impossible, and regular brands are often NOT straight and true. The material these are made from, along with the way they're ground (I guess?) starts easily and drills fairly quickly across a wide variety of materials and situations. You quickly get a feel for a good working RPM when using a variable speed hand drill and generally get good clean holes with no drama (of course, no drill bit should ever be taken for granted). They also seem to last as long as any other drill bit, even the ones made from cobalt and titanium. Best of all, they're reasonably priced.
So if you're looking for good drill bits... check 'em out. I think you'll like them:
Champion XL5 Split Point Jobber Drills -john