HnS,
I have essentially the same HF drill press that was purchased in 1981
. It's my only drill press and I use it constantly for all kinds of work, not just drilling.
It is small and does have physical limitations, but I have learned to live with it and enjoy using it.
The only problem I have had with it is that I can't run it slow enough for some of my non-drilling applications. But, I have managed to get it down to about 400 RPM
by swopping out the pulleys and belts. Believe it or not, there are times I would like to have it run as low as 50-100 RPM.
So, congratulations on your new purchase. I suspect you are going to love it and will be drilling holes like a wild man for a long time. I also suspect you won't have any problems/issues with it. It's a profoundly simple machine that can drill a gazillion holes and never fail unless you do something really stupid with it.