You will also find it difficult if the quill on your press is worn and allows the chuck to wander about.
That's a very important consideration for
@bertterbo
I've got quite a bit of slop on my machine, as do plenty others, so the first peck
can still be hit and miss for me, but if I've got that right, then the method will take care of the rest.
Worth mentioning it's a good idea to keep the original for a nice wee while, after getting another,
until you've experienced what the quill and MT is like on the new one, it could be much worse on any new machine what's in that category.
You could swap those bits and compare them using a long bit..
Many who seek better results again, will have to get a dial indicator,
to check both MT's, and possibly a new chuck too.
Once you got there, the price has gone up, possibly into good running used machinists pillar drills.
Not sure what pulley system is on the Warco, is it a Reeves drive, or done electronically?
Maybe one other option might be to seek whether a VFD/inverter and three phase motor
(dual voltage with 220v on the plate, with same shaft size, and ideally motor mounting type the same) might be worth seeking instead,
Knowing it's not great practice to try and get everything from the one pulley,
motor will heat up if not running at 50hz,
but I suspect it
might be a suitable for
non industrial purposes,
provided you get a good brand VFD with overload motor protection and possibly Vector
spec aswell,
@Myfordman or 9fingers at the other place 2 (TWH2) would advise on that,
as the cheapies don't respond well, nor the motor either, if it gets bogged down.
Tom