I needed to slow my drill press down to be able to saw 2" - 3" holes in 3/16" - 1/4" steel so I wanted to get the spindle speed down to around 150 RPM. I didn't want to go the VFD route so I looked into one of the drill press speed reduction pullies offered on this site by JZiggy but a single step pulley wouldn't get me as slow as I wanted. I wish it would have - it looks like an outstanding product and a steal at 200 clams! I wound up making a double step pulley setup using pullies from Chicago Casting which I fitted with oilite bushings from McMaster-Carr. I machined the shafts from A2 tool steel rod, also from McMaster-Carr. With the current belt configuration with a 1725 RPM motor I have a spindle speed of 240 RPM. I ordered a different belt for the last reduction to get it into the smallest drive pulley and the largest head pulley, and with that it'll be somewhere around 170 RPM, as good as it gets for this. It's easy to remove the assembly and replace the original belt to make it as it was for normal drilling. Hopefully, it'll work well for hole saws and larger drill bits and be worth all the work and expense!