So where do you get or how do you get a drill press tat will run at 200 rpm or lower?
the easiest way to answer that is by telling you where you won't get one - sears, lowes, home depot, etc. the stuff they sell just isn't targeted at the people looking to drill 1" holes in heavy steel.
there's tons of old tired iron still floating around from back when we used to make things in this country. if you aren't near an area where that stuff is plentiful, then you also have the option to look for new or newer used china/tiawan made machinery.
companies like jet, harbor freight, enco, grizzly, and many others sell variations of the same machines that while often lacking in fit, finish, and polish will generally do the job. they also often do require some cleaning and adjusting before using when new, sadly.
i was in the market for a drill press to do the same size holes a year ago. there was nothing to be found used, but i did manage to find a used mill/drill for a reasonable price instead. it isn't as user friendly as strictly a drill press, but it sure does open up a lot of new avenues for fabrication.
to get back on track - 150 rpm for that size. 250 absolute max, and that's only if the machine doesn't go slower. if it won't go to 250 or less, i wouldn't even bother wasting the bit.