I use a 20 + year old Enco floor model, made in Tiawan, with 16 speeds and an adjustable height table that rotates and swivels to 90 degrees, that has served me well for all these years.
A two axis vise mounted to the table makes this rig more adapatable and much easier to work with than the standard drill press vise.
And the best part is, I probably have less $300 tied up in the whole works.
IMHO, a similar floor model will probably do anything you could want, and last the rest of your life with decent care and plenty of oil.
It does seem to take up more room though.
J.D.