What are you going to drill? I was going to get a floor model press but ended up getting a bench model instead. Now I have everything bench model, table saw, grinder, drill press etc I will just switch the tool to a portable stand when I need. Space is more valuable to me than a powerful stationary tool does. I don't use every tool every day so there is no use of them taking space, back to the shelf or shed, they go.
Anyway take this as a low end recommendation maybe for other readers. I got a Ryobi bench top 12" model DP121 (new model) at home depot, it has very little run out as mentioned popular mechanic's review (DP 120), it also have light and laser (sort of gimmicky) and comes with a small vise. And you can adjust the speed without swapping belts. I thought it was good value, I got it on sale for $139. Good quill travel too, about 3 1/4"
Most of the time i am just drilling aluminum or brackets stuff, I tried 1/4" steel plate just for kicks, it worked fine.
OK. Someone mentioned HF, I am afraid though, I 've got hand drill from harbor freight with crazy run out. It's a hit and miss IMO, I could have got a small drill press from HF for $40 but I don't think it will be very precise. I know they have really good deal on the floor models, but be sure to check the operation if you buy from them.
ME TOO!