You guys might be forgetting that the average 'home shop' drill press is not worth a damn for doing any sort of 'Precision' machine work. Why you ask? Even though the spindles are probably running close to true, remember these relatively cheap drill presses are using bottom of the line EL CHEAPO chucks ..... any drill press is no better than the CHUCK that it uses. This is why a GOOD professional chuck will cost probably three times as much as the average 'home shop' drill press ..... just chuck up any longer drill bit in your drill press ..... now turn on the switch and watch it wobble like crazy at the tip!