My philosophy is to always buy the HF tool first. If/when that breaks or fails, do some research and spend a little more.
I've wound up replacing 1 out of 10 things, saving much more money this way in the long run. That drill press is likely fine for woodworkers doing little hobbyist jobs. I have the same-size band saw and rebuilt all my kitchen cabinets with it. Works great but no doubt it would fail if I tried to do heavy lumber, let alone steel.
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