In the spirt of Instuctables, I'm adding some of the sugestions for improvement and why I didn't do things that way in the first place. Some I had considered, others i had not.
Q. Why not just put in new batteries?
A. Too expensive. The drill was $5 (with case, extra drill and 2 battery packs) and worked for a while. The wall wart was free at another garage sale. Brand new unit would be about $20 and be ready 'out of the box.' A new set of batteries and a charger for them would not be worth the time or money. If it was a good brand name on the other hand...
A. While trying to find out which cells in the battery were live and which were dead, I lost the parts. Thus, no battery shell to reload : )
Q Use a Zener transorb/5 f. capacitor/ect.
A Aint got one. Too expensive to go out and get some just to play with. I don't feel comfortable enough with electronics to risk the parts.
Q Use a more powerful transformer.
A Aint got one. That and i don't know how much I can pump threw the motor before it burns out. I may end up finding a bigger transformer, or trying it on AC current-but not untill I don't need this one any longer.
You may notice a theme here-this is a cheep fix with what I had on hand. Nothing fancy, not a lot of pre-planning to get in the way of getting something finished. Are there better ways to do this? Absolutely : )