I'm looking for information about inline perforating. I am trying to perforate a substrate of .020" to .040" thickness, parallel to web direction at speeds between 200-400fpm. The substrate is flexible but not elastic. I would like to do this with a rotary wheel (around 4" OD and anvil) where the perforating wheel actually removes material, in roughly 1/16" diameter holes (hole shape is not too critical).
Any help, sugestions or ideas are welcome.
Please see illistrations below, this is an antique perforator used by the Post Office:

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