Not sure how good the ryoby is but I would keep it. I have 2 drill presses and a mill, would not get rid of any unless I had to. Benchtop drill press can get down to 100rpm which is good enough for some big holes in steel and it works great. Floor drill press for softer stuff and wood. 4-1/2" travel and 16" swing. Both from the 40's. I would goto a drill press to drill before I went to the m,ill top drill.