My little drill press is due Friday, and I have a little bit more work to do. It's essentially a CIM bolted onto HDPE that slides up and down on two parallel rails, with a flat piece of tubing at the bottom. It's actually rather funny.. I finished the drill part of the drill press early, and it works great (CIM geared down to 1100 rpm, 6-volt controls work fine).
In an amusing twist, the drill is actually helping to assemble the press. I drilled out 3/8" holes in the HDPE to act as a bearing, moving up and down the shaft. However, I ran into the 3/8" hole and the 3/8" shaft... sans reamer, of course. So, I plugged in a 3/8" bit into the CIMdrill and opened up the hole a little bit, and it worked like a charm
It's a bit ghetto, but I hope it will work. A very short time will tell; I'll take a picture and post it here Saturday!