I had the same issues with my drill press. It would slip the belts if I even looked at a 1/2" drill bit. I bought a length of "twist link" v-belt that was long enough to make both belts out of and haven't had a problem since. I typically set it tight enough to stall the motor when using large hole saws, but with twist drills I let it slip just a enough so it doesn't break anything. I snapped off a couple 9/16" drills before learning that lesson.
But anyway... just another option that hadn't been mentioned before in the post. I think I spent about $40 on the link belt, and that was money well spent for significantly reducing frustration.
But anyway... just another option that hadn't been mentioned before in the post. I think I spent about $40 on the link belt, and that was money well spent for significantly reducing frustration.