It's money money money.
You definitely need a drill press, and if funds are short, adapting your Foredom is fine. The trouble is that if you are busy (or impatient) changing your handpiece back and forth is a real pain. If you can get a small Proxxon, it will always be on standby to use.
https://www.google.com/search?client...+drill+tbm+220
You would also benefit from the optional three jaw chuck to save faffing around with collets, and a level piece of thick wood under your work, to reduce the spinning effect when drilling right through.
Lastly, ditch the centre punch, and instead use a small ball burr in your new Foredom to make your starting mark. Dennis.
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