It depends on your expectations though generally, it is a get what you pay for deal. Tolerances and overall build quality is so-so to me. I feel "buy it right the first time" and I'm not looking for a short term tool.
Long ago and trying to save a few $$, I bought a 12" drill press based on one of my knife making buddy's experiences with the same model. In this case, the casting was pretty good and the machined surfaces good as well. BUT, the column, table and head assembly were not very accurate so it remains a challenge to drill a correct perpendicular hole. Shim, hand fit...regardless, I could not get it nearly as accurate as the Jet drill press I also have. That drill press was a waste of $200. My uses for it are non-critical holes like drilling sheaths for stitching or polishing parts.