The spec’s on the Grizzle falls short in two important areas. Porter Cable has a14" compared to 12" of the Grizzly. And has 4" of quill travel verses 3 1/ 4". However the Grizzly low spindle RPM is 140 compared to 300 RPM’s of the Porter Cable. The lower speeds are better drilling bigger diameters in steel of using hole saws.
You may want to consider a good used drill press, preferable old American iron. I paid $250.00 for this Delta 20" floor model drill press. Though I replaced the three-phase motor with a 120 Volt single phase, replaced the quill return spring, added a 5/8" Jacob chuck, and fabricated a down feed handle. What’s nice about this Delta is that it has a 10" of quill travel and a huge table...
I sold this 16 speed 16” Central Machine Floor Model Drill Press that was made in Taiwan for $220.00 to another board member. .. The spindle speeds are from 170 to 3800 RPM.
Here’s a Taiwanese floor model drill press that I picked up in some fella’s front yard for a few months. It has I HP 120 Volt motor, 12 speeds and a 3/ 4" chuck. When I get around to it, I’ll clean it up, replace the motor bearing and repair the down feed handle. And will sell it off. I surely didn’t need it; but I couldn’t bear watching it sitting out in the weather... I gave him $125.00 and he loaded it into my truck.