Ok guys, I got a case of CRS but found my drill press in the basement! 1/4" drill bit as suggested..worked out good. Before I put it together I made sure the collar moved freely as instructed,it does. Checked the belt tension, it's good. Gonna warm up with a cup of Joe, start it on the stand to see if belt rides up/ down. Then take it for a spin. Hoping for better run.