It is morethat just runout. It's just overall a poorly made drill press. We bought one at work and it has been a huge dissapointment. let me count the ways: cheap chuck- freezes up on larger forstner or holesaw bits, have to break loose with pipe wrences. The little built in light ( a nice idea) burned out after less that six months. The set screw in the crank to raise/lower comes loose and the handel comes off frequently. The geared strip that the rack and pinion rides on is light weight; first one broke, the second is bowed out. The block that the contains the dept stop rod kept working loose, finally striped the threads and had to retap. Next to the old Delta and Rockwell DPs we have had for years with no problems, it's pretty pathetic. I'm not a PM hater, have a PM2000 Im very happy with. But for my money I would take a Grizzly Drill press any day over the PM2800. It's OK I guess for the light duty hobbyist...In my view the only issue with the PM2800 is QC some are purrrfect and others are runout/vibration dogs.