One more in support of the Mini-mill in R8 ( it also comes in MT - don't buy that!)
I have a big mill-drill, but I use the mini a lot more.
After that, you will be saving for a DRO. Trust me.
Go ahead and get a set of collets. enco has sets for cheap, and they have a 15% discount right now with a coupon code.
And when you buy the drills for the pin holes, buy the best you can find in those specific sizes.
I understand that if you use high-quality, sharp drills held in collets, you can get enough accuracy that you won't need to ream the holes.