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Before beginning, you'll need to put together some basic porting tools, the most expensive of which is the die grinder. I've heard guys talk about using a dremel tool. Don't even think about it! You'll be grinding for a month! You can buy cheap 1/4" die grinders on Ebay that'll probably be good for one porting. I use a Makita 1/4" model# GE0600. It ain't cheap but it's top of the line. I've had it for years and it's ported several heads and mannys. If you're a car guy, you'll be suprised how many times you'll use it! There's some controversy on air vs. electric grinders. However, I've found my Makita electric to be perfect for the home porter.
Not mandatory but very helpful is a device to control the speed of your die grinder. This unit from Harbor Freight is cheap but works well. Here's the link..............
Harbor Freight Router Speed Control
You'll need carbide bits. Get the ones with 6" shanks. I picked these up on Ebay for $27.
Pick up a bag of 80 grit cartridge rolls and mandrel from Joe Mondello..............
Joe Mondello's website
A good scibe and a spray can of toolmakers ink and you're good to go!