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Yes, I used my compact bender. This was the limit for it: 2 inch wide x 1/4 inch steel. My drill press is a Harbor Freight unit that I bought over 25 years ago. It's a floor model and I don't know the hp off hand. You can stall it with larger bits if you try to cut too aggressively. I only have standard drill bits up to 1 inch. You have a good eye Arrow, it is a 1 1/4 inch hole. I bought a Milwaukee bi-metal hole saw to drill it, slow speed of course but it worked very well.
Harbor Freight seemed to have more good stuff back then. I still have a shopvac type of vacuum from them that works great after 30 years. Great job on your quick attach.