Hello Sir...
I was planning on the mill doubling as the shop drill press as well.
In that case you might want to look more at how the quill operates than just reach. My Clausing has a rapid feed and a fine feed for the quill. The rapid feed works like a drill press, just a handle you pull down to drill. The fine feed is a hand wheel that feeds very slowly and maintains its position accurately.
My Sherline has no quill, so drilling is accurate but slow, drilling is done by moving the head down with the feed wheel.
The Clausing does a fairly decent job as a drill press, a larger mill that works like my Sherline would be a terrible drill press from a production stand point.
I thought having a larger mill would send my drill presses packing, but it hasn't worked out that way. Mills and drill presses are similar, but they have different priorities.
The Clausing has largely made my small benchtop Craftsman drill press mostly redundant but I've added a Delta radial drill press, because the Clausing is still relatively small as drill presses go. The Delta is nice for some of my wood working needs, light duty but with a long reach (31").
I'm still casually watching for a nice heavy duty drill press. No rush, just biding my time for something in the 15-17" size that is local a good deal, and preferably older than me.