Neil, I think you have had better luck than me. Possibly the FE machines I have seen on display have not been set up properly or were the Friday afternoon jobs, but they didn't inspire confidence. I have been within a gnats whisker of shelling out my £250 or so, but just couldn't bring myself to do it based on the slop in the quill system. Although I expect in use, as you say, such machines probably deliver perfectly satisfactory results in terms of hole production.
Anyway, my drilling blues are now over as I have just acquired a Denford Viceroy pillar drill, locally and at a sensible price, but in the most horrific cosmetic condition (presumably from being stuck at the back of a farmers barn unused for the last half century).
What swung it for me was just how smooth and solid the quill movement was, even under the grime and neglect. This was confirmed when I finally manhandled its 120 kilo bulk out of the car and got a clock on it. About 2 thou runout at full (4.5 in) extension.
There will be a considerable cost in elbow grease, and a bit more for paint and new switch gear. Hope the effort will result in a smooth, solid, dependable drilling machine for about half the price of an import machine. (permission to be smug sir!)