I am slowly fixing all the annoying features of this house we bought. I may never get all of them corrected. But have a temporary solution to one.
The house is mostly wired with 14 gauge wire and 15 amp breakers. So the drill press with a 1.5 hp motor will pop the circuit breaker if used for very long. The long term solution is to add a 220 volt 20 amp circuit, change out the motor for a three phase motor and use a VFD. But there are lots of other things that are more pressing.
So the temporary fix is to add a 40 ufd run capacitor in parallel with the motor. That corrects the power factor a bit and drops the current enough that the circuit breaker does not pop. The savings in power is pretty much nothing, but having the power stay on is priceless.
Dan