Jim ....Yes it could be much worse.
I once dropped a small screw driver in a 2000hp / 1200 rpm motor once.
We all had a bad habit of putting our hand tools on top of motors while we worked on them.
The the cooling tower on top of this motor was off due to the type crane
lift that needed to be done on the motor, which left the motor wide open.
Took hours to recover from that one.
Funny, My boss told me just before we started the job, that the top was open and be carefull not to drop any hand tools in the motor.
Just as soon as I reached up and released the tool with my fingers
I knew it was tooooo late! 
Took awhile to live that one down.
Don’t have the best tools, don't use the best woods and projects don’t always turnout perfeck.
I just feel the need to work with wood!