I went through this situation a few months ago. I really wanted to get the new Jet, but all of the research I did kept leading me back to the Porter Cable 15 inch. There were literally hundreds of reviews on it, and almost all were positive. I'll admit that I'm new to woodworking in general, but like you my primary concern with the drill press was making pot calls. I haven't run any sophisticated runout tests on it, but I've used up to 1.25" forstners with no problem, and I can raise and lower the quill and renter the same hole without wobbling. I was reluctant buying a "cheap" machine, but given all of the positive reviews and the 3 year warranty I decided to take a chance on it. I'm very pleased with it so far, and I am glad I saved the $400 to be used on other equipment. It may not be the one for you, but I think it is at least worth a look. Good luck with your decision!