Well, for my £263 I’d be on the look out for a good example of the wonderful Startrite Mercury drill secondhand. Or a Meddings if I were to get really lucky) I’d buy a cheap clock and stand and either a really good quality drill or a bit of silver steel. The clock and silver steel being used to check the runout of the quill (you should do this in any drill you buy). I’d end up with a far better built drill, probably a few pounds still in my pocket and an asset that appreciates in value rather than losing me money.