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[–] SixTeaNine ago 

I believe its number of axes (the one in OP's post is 3 whereas drill press has 1) plus more configuration/control over operation. Not an expert though so may be off a bit.

The one in OP's post is pretty ancient. I know the newer ones are tens of thousands of dollars and are 5 axis.

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[–] bbqchipz ago 

They make 7 axis mills that you can spin the table fast enough to do lathe work in as well.