Ok, I am going to try a little different perspective on this powered vs hand driven point.
As tony says in a related thread, I have also reamed a number of 206 sided holes twisting said reamer with a tap wrench and even occasionally, (gasp!!

) an adjustable crescent wrench. (At least I didn't use a pipe wrench

). It is extremely difficult to hold the assemblage square to the hole, especially if the hole is short in relation to it's diameter. This is where jugs tip (in that related thread) is very relevant, use something besides your hands and arms to align the reamer to the hole, like a milling machine or drill press.
I do heartily agree with the caveat that adjustable reamers are best used at small depths of cut, .0005"-.003" in bronze and cast iron, even less in steel. But I have had good success using a light touch under power at these settings. The tough part is being absolutely positive that this is the amount you will be removing. Usually takes a lot of patience and more than one pass cutting air to make sure all the high spots are gone.
Another trick to reaming success is to use the reamer with it's respective, optional at extra added cost, pilot and tapered bushing. This will greatly facilitate keeping the reamer square with the hole, when the hole is long enough and clearances allow.
Also when reaming a number of holes to the same size, don't sneak up on size for the first hole and then assume the reamer is set to the proper size and then proceed to ream the rest of the holes at that setting, assuming the reamer to be properly adjusted to cut the correct size. It has been my experience that removing .003" will make the reamer cut differently than removing .0005", usually making those subsequent holes oversize.
Dave