Timbo, you are spot on when it comes to using an oxy for metal finishing, but a flipper can most definatly be used for stretching metal only, it is not used for shrinking at all, the texture of the file spreads and thins the metal like crazy, therefore stretching it, pretty much any hammering or tapping force on sheet metal is always going to stretch it.
There are special shrinking hammers you can buy but they do'nt work all that well, thats why heat shrinking with an oxy is the best way to shrink.
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