The end result is exactly what I hoped. The precision tools now have a perfect place to live, right above my workbench. Best of all, the regular sized...
I like my pegboard tool hangers a lot. I especially like the screwdriver holders that hold six driver tools with a narrow shaft and a wide handle. Unfortunately, these holders are usually too wide to hold smaller, precision tools, so I decided to modify one.
Step 1: The Problem
Most of the time, I use my precision screwdrivers more than the regular sized ones, but I had no way to hang them from the pegboard over my workbench. I had to modify the standard holder to narrow the holes so it would hold smaller tools.