Paul,
If you have the time, inclination and discerning judgment required to get an old drill press into your shop, go for it and more power to you!
My choice for this interim period before I have room for a Bridgeport vertical mill is the Delta X-5 variable speed.
As Larry Fox has pointed out, the depth stop is terribly flawed, and must be fixed.
I like the long quill travel (6”), this model affords. It allows successive drilling operations utilizing several cutters w/o the need to change the table height, or the ability to drill a hole thru 6x stock. Drill press tables in general are difficult to align to axis when changing height.
For a home shop unit, the range of speed from 150 rpm to 3,100 covers most woodworking needs. The extreme low speed is what I looked for, as it allows larger dia. cutters.
With the two speed range cranks, one for high to low range and the other for high to low speeds within each range, I can adjust to any speed almost as fast as I could w/ a Bridgeport, and far faster than I could with any drill press I have previously used.
Paul, please know that I am not necessarily recommending this drill press as the last one you should consider, but am merely sharing impressions of the one I chose.
Frank