I have had an HF 43389 drill press for atleast a decade. Probably 12-13 years. I have never been very happy with it, but at the time I had a job to do and it was the only thing big enough that I could afford. My primary complaint is that it wobbles. I thought maybe sloppy or poor quality spindle bearings, but grabbing ahold of the quill or spindle and trying to physically move it back and forth just didn't satisfy me as the cause of the wobble. Oh, there is some play, but it doesn't seem to be enough.
In order to drill a hole in a plate I would use something else to center punch the hole, sometimes even pilot drill it, and then let the plate move around on the table (with a fence to prevent spinning) of the drill press. Pretty sad way to drill a hole, but it worked.
I realized one day a couple months ago it has a removable chuck arbor. The manual lists it as an MT-2 with a JT3. Well, its been bouncing around in the back of my head until one day I realized "Doh!" the drill chuck for the mini lathe is an MT-2. I had nothing to remove the taper on the drill press so I ordered a lever action wedge to do the trick and popped the chuck arbor out of the drill press today. I tried the chuck and arbor from the mini lathe. Wow! Almost no wobble at all by comparison. Oh, its not perfect, but its so much better I can actually see me using the drill press more often now. I don't know if the original MT-2/JT3 can be fixed or why it wobbles, but I can now use my drill press with the one from the mini lathe.
After all these years. Woo Hoo!
Now I have a question.
How do I seat the arbor so that it stays firmly in the drill press without slipping? I was able to press it in by hand enough to drill some test holes in a piece of aluminum plate, but it did slip on the third hole.
I hesitate to consider a hammer as I would be afraid of knocking my chuck out of alignment with its arbor or something like that. There is a shaft in the center hole where the pulley goes on which would prevent the use of a drawbar.
The chuck from the mini mill is only 1/2" but I don't think I have ever needed a larger one on the drill press before. All my big bits and silver and deming stuff is 1/2" shaft.