Pass on that antique. The modern drill press design (integral light, tilting table, rack & pinion table height adjustment, easy speed change, locking quill) is a very good one. Suggest you look for a 15-17" model from Taiwan from late '80s to late '90s. Should be very affordable and will give you long life.
Or you can step up and buy Alzmetall, but the step is a mighty big one ..