Michael
You got a nice drill there. Every single part on that Milwaukee can still be purchased in the event something needs to be replaced. It might look a little rough around the edges, but that chuck is bright and shiny. It wasn't left out to rust away. (I'd think about that cord a little bit though.
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Can you have too much power in a drill? Yes you can. There are spring loaded adapters that will seat the screws and not damage the wood available. That drill can easily put a screw right through the material you're screwing together, or snap the head off. There's enough power in that drill to do most everything you'll need, and more. It's a good tool, and you'll have it for years.
Low RPM is good. Occasionally you need to drill a large hole, 1" or more using hole saws, ( electrical, plumbing , vent lines, etc.) ,and the lower RPM's make it easier, and safer.
I have an assortment of cordless drills, and they're very nice and convenient, but I always have my Milwaukee's at the ready. I would never be without corded drills.
Nice drill!