I've used both methods over the years, and it depends on the amount of pointing that you need to do which method you use. I've also use a Hilti gun which was very good. However I often felt that if you had to grind out the joints or knock them out with a gun that they were not that bad to start with. Using a plugging chisel means a lot less dust, which often sticks to the brickwork. Grinding them with a diamond blade is a lot quicker. The Hilti gun made a lot less dust.
If its soft mortar or soft mortar with a loose harder face, then a chisel is much quicker
If some of the mortar is still hard and the arrises soft, then a chisel with chip the arises and repointing can look a mess
If you use a grinder, use a proper (thicker) grinding blade not a cutting blade
I've used a rake attachment but found it harder to see the joint properly to allow the tool to be pushed in a straight line. Also, dust is just as bad unless a high powered vacuum is used too
Have you seen what a carelessly aimed angle grinder can do? What sort of mortar is it? If it needs much effort to get it out, it probably doesn't need doing.
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