If you're not using it but once in a blue moon, the HF "might" suffice.
I have an HF table top machine I use on occasion, it's not the worst thing I've used, but if you're going for precision, it's not the best by a long shot either. They work ok for the occasional use by a hobbyist if they aren't trash right of the box. Used more frequently, that's where the difference between cheap and good comes in.
Still, any cutting/drilling tool is only as good as the part that does the cutting, so whatever you do dont buy cheap bits and you'll be a LOT happier in the long run.

1956 GMC 370 dump " 'Tater "
1970 VW Volksrod "the Black Bomber"
2007 Chevy Avalanche
2020 Jeep Cherokee Trailhawk,
2005 Harley Davidson FLHTCUI

I dig all cars, old and new, whether they were hammered out of American iron, German steel, or Japanese tin cans. Being unable to appreciate them all is missing out on a world of great things.
But thats just MY opinion! :P