I also have one of Paul's vices and I love it. However, unless each blank is pretty square to start with, then each hole will be a bit off centre. It doesn't matter who's vice you use, if the blank is not square ( or round ) it will not drill in the middle. I only have one drill press, so I can't leave my vice set up. In a previous post, I also said that I set mine up by clamping up on the lowered drill bit, then clamping the vice to the DP table. Randy is of course perfectly correct, about torquing the bit and vice. On the rare occassions that I have tilted my table, I ALWAYS set it square before I pack up. I have a 'budget' bench top DP and have found that when drilling tough wood or metal, I get a bit of flex in the table ( even with sharp bits). Although it is a bit of a pain, I have learned to live with it. I simply use a length of flat metal that I clamp with a pair of vice grips onto the edge of the table that then rests on the bottom base of the drill press.
Now I can drill very aggressively through even stainless steel, knowing that my table is rock solid.
Getting back to Paul's vice, while I love mine, I am about to do a small mod. The crank handle rotates below the base line. This would not normally be a problem if you have it mounted on a base. But when I need to drill a very long hole, I need every inch I can get out of my bench top DP. Without a sub base, I have to make sure that the handle is over the edge of the DP table. I'm about to make a new handle, but no biggie. My new handle will be like a screwdriver handle.
I know I digressed from the original topic, but I thought I would chuck my thoughts in.[8D]