Yes, this can be done with the carbs fitted to the bike, it is better to use the drill, as a guitar string will usually bend when you do not aim correctly.
The 16 thou drill will probably be too short to reach the idle jet, I always put the drill in a red plastic tube, (the one that comes with a spray can of WD40).
Use superglue to fasten the drill in the tube. ( you can use a metric size drill 0.4mm)
You should also Google "bushmans carb tuning secrets" to get a better understanding of the idle circuit of the Concentric carb.