I need to cut some grooves on the outside surface of the sides of some drawers for a box I am making. These grooves will ride on wooden runners. I am looking for a 5/16" cutting diameter router bit and the depth of cut will be approx. .16". As the drawers need to slide smoothly on the runners, I am looking for as smooth a cut as possible. It would seem to me that a spiral router bit would serve this purpose well. As a downcut spiral will create a smoother cut at the groove's bottom, I am leaning in this direction. However, I am concerned about safety as well, and I know that (as a general rule) the upcut spiral is the better choice if used in a table.
So, would using a 5/16" downcut spiral bit in a table be sufficiently hazardous so as to prevent me from making the purchase? I have experience using upcut spirals in a table, but not downcut and I would rather not have to dodge flying timbers.