The Smart Reamer® Tool, Apparatus or Method is used to underream an oil or natural gas well while interlinked calipers and calibration sensors simultaneously record data relating to the geometry of the drilling operation (well diameter, diameter of the underreamed zone) and drilling fluid properties (density). Further sensors provide data on the relative position of the cutting and stabilizing blocks. Other sensors measure vibration data. All the sensors are interlinked by means of microprocessors which compare and correlate said data to automatically verify and deliver a desired wellbore diameter without the need to unnecessarily stop drilling or trip out of the hole.