How is it on sheet metal

I have only tried it on drywall (it's intended purpose) and wood. It works great. I personally do not think it would well on metal as the friction from the high rpm would likely overheat and dull the cutting edge.

What size bit will fit this tool?

It comes with a 1/4" collet and also a reducer to accept an 1/8".

does it come with a battery?

No even the box clearly says TOOL ONLY Battery not included

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Description

⚡ Cut fast, cut smart, cut like a pro with Milwaukee’s M18 Spiral Saw!

ALL DAY COMFORT - Ergonomically designed for fatigue-free use during marathon work sessions.
CUSTOM CUT DEPTH - Tool-free depth adjustment lets you dial in perfect cuts on the fly.
SMART SAFETY TECH - Redlink Intelligence guards your tool against overload and abuse for unmatched durability.
WORKDAY VISIBILITY - Built-in LED light and top vent keep your workspace clear and illuminated.
PRECISION MEETS POWER - Compact 4-pole motor delivers lightning-fast, clean cuts every time.

The Milwaukee 2627-20 M18 Cordless Cut Out Tool is a compact, battery-powered spiral saw featuring a powerful 4-pole motor that spins at 28,000 RPM for rapid, precise cuts. Equipped with Redlink Intelligence technology, it offers overload protection to extend tool life. Designed with best-in-class ergonomics, tool-free depth adjustment, and an integrated LED light, this 18-volt lithium-ion tool ensures comfort, control, and visibility for professional-grade woodworking and cutting tasks.

Specifications

Brand	Milwaukee
Color	Red
Blade Material	High Speed Steel
Surface Recommendation	Wood
Power Source	Battery Powered
Special Feature	Depth Adjustment
Included Components	Power Tool Replacement Part
Product Dimensions	10.8"L x 3.8"W x 4.5"H
Voltage	18 Volts
Warranty Type	Limited
Item Weight	1.9 Pounds
Speed	28000 RPM
Blade Length	3.15 Inches
Wattage	2.52E+4
Blade Shape	Round
Global Trade Identification Number	00045242475384
Handle Material	Plastic or Composite
UPC	725873812894 826659222408 045242475384
Manufacturer	Milwaukee Elec Tool
Part Number	2627-20
Item Weight	1.85 pounds
Item model number	2627-20
Is Discontinued By Manufacturer	No
Item Package Quantity	1
Number Of Pieces	1
Measurement System	Metric
Special Features	Depth Adjustment
Batteries Included?	No
Batteries Required?	No
Battery Cell Type	Lithium Ion
Warranty Description	Tool warranty : 5 Years

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