We define a sparse Hermitian lattice Dirac matrix H coupling 2n+1 Dirac fer
mions. When 2n fermions are integrated out the induced action for the last
fermion is a rational approximation to the Hermitian overlap Dirac operator
. We provide rigorous bounds on the condition number of H and compare them
to bounds for the higher dimensional Dirac operator of domain wall fermions
. Our main conclusion is that overlap fermions should be taken seriously as
a practical alternative to domain wall fermions in the context of numerica
l QCD.