Hopefully the quill is better supported than the vast majority of full size Chinese bench drills which tend to have huge amounts of slop.
Very doubtful. Even "high-end" drill presses have done away with the split-head design, and now all depend on the fit between the quill and the bosses in the case. They make it even worse by putting the bosses too close together to get maximum quill stroke. This is a fine method, and generally how mills are made (Bridgeport, for example), but when THEY do it, the bosses are chromed, and then precision lapped to perfection. Just that step alone costs more than any drill press you'll find from Delta, Powermatic, etc... I gave up looking and simply fixed my Delta by drilling 4 holes in the front corners of the casting, and inserting a nylon plug with setscrews to tighten up the quill. Now I have no slop.
The thing is, the smaller the bit, the less runout you can tolerate before the bit just simply snaps, never mind making round holes.
Now Clausing...THEY still make a superb drill press.
Anyhow, it only has a 1" stroke. That's a good thing, actually. For $80, expect an $80 drill press, but I'm a little encouraged that it has a very limited stroke. You have at least some hope that it will be reasonably tight.