Only if you have a fixture capable of holding the three finger hone completely perpendicular to the crankshaft center line. A hand held drill with a three finger hone won't get the job done.
I have to disagree Rusty, I've used a handheld 3 stone on dozens of refreshes over the decades, with great success .
And custom made Scotchbrite "shoes" to fit over the stones, for final finish on moly rings .
Cheers .
