Converting a drill press to mill-drill

[Matty_D]

I have a 20 inch craftsman drill press that I purchased about 18 years ago. I think the deal I got was very good. I saw it for sale on eBay from a seller just a few miles away. It turned out that the seller was employed in some capacity at Sears. He had several of these drill presses, new in boxes. I think I paid around $280. It has the tall column mount, a 2hp motor and is generally a pretty beefy drill press. I think it is almost identical to the 20 inch press that Harbor freight sells. I really like it for conventional drill press operations, but I'm thinking, at the price I paid for it, it would not be unreasonable to to try to convert it. Does anybody know if it is a good candidate for upgraded bearings for the spindle and other mods that would make it useful as a mill?