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The Grizzly and most offshore cheap drill presses (excluding rock bottom tools like Harbour Freight, unless carefully inspected before purchase) are fine for that sort of thing.. if the hole seems...

Stop by your nearest machine shop supplier.... I've been out of the business for too long. Accuracy costs money... lots of money! A Grizzly, King, Jet (enter name of favourite off shore machine...

Cameron makes some nice drill presses with run out in the 0.0002" range.... I suspect they are out of your price range though. And if you need true precision, you'd need to forgo the regular drill...