Can someone please clarify/explain the correct usage of bits that are sized in mm and those sized in fractional measurements. For example, a 9mm bit does not have an exact fractional/decimal equivalent and visa versa for fractional bits to mm. Does this depend on the manufacturer or is there a standard of sorts. I am looking to purchase a Colt 9 mm pen bit but do not see any fractional/decimal equivalent. It seems somewhat confusing to me.