That's a good idea if you're using sockets, and the O-ring might be a good way to hold a bit adapter into a ratcheting box wrench.
I've played with a bunch of different ways to make something work well, but have determined that a 1/4" wrench just won't work well for standard driver bits.
To make this work I'll need to find something with ball detents like some Chapman's but shorter.
I found this proto JHAM4S set for $20+ shipping and am going to give them a try.
The 1/4" bit version seems pretty interesting, I'll just need a 10mm but this will also be used for the 1/4 square adapter which should be very handy.
I only need the two but the set was the only way to get them, I don't know what I'll do with the others.