i bought one of those small bench type drill presses from harbor freight several years ago and it is still going strong. I have drilled holes 3/4" Diameter in heavy angle iron with it, and gotten it so hot you couldn't touch the motor casing, but did not seem to hurt it. The bearings gotta be cheap, and there is some slop in the quill, but is not getting worse with age and use. A really good chuck would do wonders but it's a work horse and well worth the money I think. If you do precision work, make folders, you would probably need something more precise.