Hi Harold,
the most important thing with any drill press is that it runs true. I dont know about the situation in the US but in the UK most of them seem to be chinese made and then rebadged by whoever sells them. The best way to get a good one is get to a store and check out the one you are interested in. Take a gauge with you so you can check the runout once it has a drill bit in it (obviously make sure it is a good drill bit as I have bought new sets in the past with a few bent bits 
) The chinese drill presses can be good if you get a good one but their quality control on theses machines seems to be a little hit and miss at the moment.
I have not heard many good reports on the new proxxon tools but others might have different experiences?
Paul.
