My variable-speed drill press will not slow down sufficiently to allow the effective use of large drill bits. I'm guessing that the slowest speed is about 600-700 RPM. I'd like to hook a rheostat on the power cord to accomplish this. As I remember, you can only use a rheostat on certain types of electric motors. The motor in question is a Baldor 1.5 HP single phase motor. Any help would be appreciated.