Your runout seems pretty good to me too, for a general use drill press. If I remember correctly, 5 thou or less is considered good enough for most applications. A drill press isn't a milling machine.
Also, are you measuring runout via the outside of the chuck itself (the chuck body) or by measuring a drill bit or a drill blank mounted in the chuck? I ask, because a couple years ago I picked up a cheap drill press for personal use (free on CL). When I got it home I was disappointed because there was a hard to see but visible wobble of the chuck sleeve and body when the drill press was spinning. I was about to pop the chuck off and replace it, but after taking a couple measurements I realized that drill bits or drill rod blanks mounted in the chuck still had acceptable levels of runout. Drill bits mounted in the chuck ran true in relation to the chuck's JT taper, but the outer surface of the chuck body was somehow machined at the factory slightly out of alignment with the JT taper. I swore I heard banjos playing in the background every time I watched that chuck spin, but any drill bits mounted in it spun nice and straight with no wobble. It was a good press for a couple years. I probably drilled 10-20 holes per week with it on average. The motor in that drill press went out a couple months ago, so now I am repurposing parts from the press into other things.