The angle of the spotting drill allows the drill to cut progressively deeper without chattering as the flutes engage. As more of the flute engages in the hole, this tends to stabilize the tip and the drill cuts smoothly. Try drilling just a pilot hole and follow with a drill and you'll get a lot of bounce so a spotter really does help.
The other thing you'll notice is that if you lower your speed and increase the feed pressure, the drill will cut faster, cooler and more accurately. A spotter really helps you to start cutting cleanly, especially when you drill like this at lower speeds and higher feed pressure.