I have and have had a small, 8" drill press for several decades now. It is probably somewhat less than your HF model as it is only a three speed. It has followed me around the country and I have made several mods and accessories that make it a lot more useful. One is a better depth stop that I cobbled together with one of those speed nuts. This changed the depth stop from a never used thing to one that I use all the time. I also added a lamp for better light on the table. And I have a kit of aluminum pieces which allow me to elevate the base to any level between where the regular table lets off and the where the base itself is. So the vertical range under the quill is greatly extended. You can see a couple of those mods here.

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I used it for just about everything until a couple of years ago when I purchased a HF floor stand, 20" model. Now the two stand side by side with the 20" one behind a bench and the 8" one on the end of it. I find the old 8" handy for many things, not the least of which is for cutting countersinks on holes that I drill on the big boy. The easy adjust depth stop makes this a quick and repeatable operation. With the depth stop just a bit higher the counter sink cutter does a great job of deburring and chamfering those drilled holes. I think I am going to keep it.