I know this is kind of outside the box but I have found this to be a real life saver on more than one occasion. The Magnetic base drill is a common tool in the construction trades and it can be an option for woodworkers as well. Those who have very small shops that have very limited space and those who have a need to drill holes in the center of large sheets might give this one some consideration.
A drill press with an unlimited throat distance, that can use both twist drills and hole saws, and requires no floor space. You can clamp a piece of steel plate or wide flat bar to any non-magnetic surface and use this machine. Its not for everyone but its a versitile option for some that helps get the job done when a drill press isn't capable.
The specs:
Baileigh Industrial Model MD-6000
Motor: 1800 Watt
Max Cutter Diameter: 60mm
Max Cutting Depth: 50mm
Max For Twist Drill: 16mm
Speeds: 260 or 460 RPM
Includes a Coolant tank and hose.
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