I have a Fobco star {bench)and a large Meddings one inch capacity floor mounted drill. The Fobco I have had since 1968 and was purchased as I had started on an Allchin TE,new and expensive at the time, the Meddings I bought s/hand in good condition in 1994. both are very good drills.the Fobco is excellent for drilling small holes,though the bottom speed of 500 rpm can be too high when reaming above 5/16, and I have wished many times for a column that was about two inches longer. The meddings has a 3 MT spindle ,rack feed to table,bottom speed of 100 rpm . top same as Fobco,Now you may need only a small drill at present,but things change and a larger drill can be very useful ,especially if you want say to build a trailer or go into vintage restoration ,The distance between column and spindle should be as big as you can get,there is always a job that hits the column, thats where the turret mill comes in useful. The Meddings progress and the Meddings pacera range were good industrial drills ,I would suggest find one with a a 2 MT spindle and the high low range gearbox plus 4 belt speeds ,the gears in the gearbox are tufnol meshing with steel ,work well and quiet but make sure they have all their teeth,wait until the spindle is stopped before changing gear ,this enhanced speed range allows use of large drills and reamers plus tapping attachments.Good used Fobcos are a bit expensive (similar to the Myford factor) a Meddings is usually cheaper, read up about both makers on the lathes uk website. The Fobco milling spindles are also described on this site, I would advise against milling on any drill, I bought my meddings as I needed to drill larger holes in bigger workpieces and found that drilling with mt drills in my big Elliot millmor was time consuming changing the drills and a pain in the backside. Another drill is the Fobco Seven eight this has a 2mt spindle ,floor mounted ,and a superb drill but unfortuneatly sought after and seriously overpriced.
Avoid foreign drills ,a local farm has one ,floor mounted ,2mt spindle,place block of steel over the central hole in the table and bring the chuck down to it,then pull a bit harder on the lever and the table visibly deflects under a moderate load,though 20 years ago it was a quarter the price of a Meddings and drilled holes in bits of plate and angle suitable for ag work .Though if you are as old as me anything at times can be better than a hand drill