That would seem to be a very rigid alternative but it begs some questions!...
1 Does it give a good finish?
2 It looks like you've got it in a square holder, is that right?
3 What sort of depth of hole could you get with a 6mm end mill?
4 Would a starting hole of say 7mm suffice?
I have used this technique successfully and got a good finish in holes from 3mm diameter upwards. I got the idea from Jo or Jason, I don’t remember who.
I have a square holder for 6mm diameter shanks that came with a set of HSS boring bars and a homemade rectangular holder for 3mm shanks.
I am not sure how deep I have gone, maybe 15mm, but this was limited by the size of the job not the technique. The cutter needs to be offset a few degrees so that only the tip will cut.
7mm would work with a 6mm end mill. I always remove as much as possible by drilling.
HSS end mills will be less likely to chip or break than carbide however I use Proxxon carbide end mills for 2 and 3mm cutters as they have 3mm shanks and are easier to use in small spaces.