I have a cheap, no name, floor drill press I purchased for $99 at a closeout type store about 15 years ago. The adjustments are crude, the handles are cheap plastic.
Having said that, That press is 100% accurate.
Like others have said. I think its luck what you get.
+1 for the Shopsmith as a drill press. It's made for woodworking but takes up a lot of room if that's all it will be used for.
"Remember back in the day, when things were made by hand, and people took pride in their work?"
- Rick Dale