I have a drill press from MicroMark as well as a larger one from Harbor Freight. I was also disappointed in the quality of the MicroMark press, and the Harbor Freight model isn't anything to write home about either, but it only cost me $30 on sale!
I happened on a sale of a Dumore jeweler's drill press with some other tools several years back, the whole bunch was $150, one of my better buys. I was actually buying the tools mostly for the press and tools, but it also included other tools, including the Dumore drill press.
The Dumore is a precision piece of equipment, and far exceeds the quality of any of my other drill presses! It only goes to 1/8" drill size, but that's sufficient for much of my use for a precision drill press.
After using it and realizing it was an unusually high quality, I went looking to see about the brand. From the prices of them on eBay, I'd say mine was a good purchase. 
Here are a couple of the listings of the same style press.
