Hi Steve, I'm wondering from your post if perhaps you mean the rotary Wecheer instead of the reciprocating one since you are talking about doing lettering on a walking stick.
I have the Proxxon reciprocating carver and I love it. It is perfect for roughing out my carvings (all a foot or under in size). The blades that come with it are excellant ones!
I also have the Wecheer reciprocating FlexShaft that attaches to hubby's dremel. It's great too and both are perfect for roughing out and you can get in pretty close to hand carving size with them.
Wecheer's FlexShaft Rotary attachment is around $50.00. Proxon makes a small rotary tool that runs off a seperate power supply. I have it, the cost is $21.50 for the power supply and the rotary tool I have is $29.99 (from MDI Woodcarvers Supply, 800-866-5728,
www.mdiwoodcarvers.com). They make a more expensive power supply and rotary tool but I have the less expensive ones and they work perfectly for me. I also have Proxxon's Pen Sander, I love it so much that the day it quits I'm going to be ordering another on in! It works off the same power supply as the rotary piece.
Good luck, hope this helps some! Callynne
P.S. Just noticed, MDI has the Wecheer reciprocating FlexShaft for $39.95, don't have the rotary one in their catalog though.