Using a jump up sleeve i.e. 2 to 3 Morse on a Myford is a bit naughty ,it will severely strain the tail stock,a drill jammed could damage the key and keyway in the tailstock.The best way would be to mount the drill on the saddle, hardened sleeves are available which are parallel on the o/dia and have a morse taper on the I/dia, A block of steel /iron or even ally can be mounted on the cross slide and a hole bored from the main spindle (which gives correct centre height) to suit the sleeve, the sleeve can be secured by set screws or other means,I would not use the power feed on a small lathe ,on larger lathes it was quite usual, I have a Dickson tool post on my Colchester master,one tool holder is bored 2 mt and can be useful if a lot of holes in tough material have to be drilled with saddle power feed as it does save extra wear on the tail stock,