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If your projects require accurate depth while drilling, then the Wixey WR503 is a great solution. This add on digital depth gauge mounts to most drill presses and includes several mounting bracket options. It is accurate up to +/-.004 inches (.10mm) and up to a depth of 6.5 inches. To use, simply touch the top of your work piece and hold the zero button to set your starting point.
Note: Install does require drilling 2 small holes into the casting of the machine. May require slight modification or larger hose clamps for machines with larger quills such as the Ellis 9400.